Looking to diversify beyond XSOE? The ETFs below have the lowest correlation with XSOE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XSOE.
Best Diversifiers for XSOE
295 ETFs have low correlation with XSOE (below 0.3), 72 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.35 | -0.02 | 0.08 | 66 | Oil & Gas | XSOE vs USO | |
| Invesco DB Energy Fund | -0.34 | -0.02 | 0.10 | 71 | Oil & Gas | XSOE vs DBE | |
| United States Brent Oil Fund LP | -0.33 | -0.01 | 0.08 | 65 | Oil & Gas | XSOE vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | XSOE vs USOY | |
| Invesco DB Oil Fund | -0.29 | 0.01 | 0.10 | 65 | Oil & Gas | XSOE vs DBO |
See all 1599 diversifiers for XSOE
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