Looking to diversify beyond XSLV? The ETFs below have historically moved differently from XSLV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XSLV
525 ETFs have low correlation with XSLV (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.12 | 0.03 | 72 | Oil & Gas | XSLV vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.11 | 0.02 | 52 | Oil & Gas | XSLV vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.10 | 0.04 | 58 | Oil & Gas | XSLV vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.08 | 0.06 | 67 | Commodities | XSLV vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.27 | -0.06 | 0.08 | 71 | Commodities | XSLV vs DBC |
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