Looking to diversify beyond XSW? The ETFs below have the lowest correlation with XSW — 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 XSW.
Best Diversifiers for XSW
483 ETFs have low correlation with XSW (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.14 | -0.02 | 0.08 | 71 | Oil & Gas | XSW vs DBE | |
| Breakwave Tanker Shipping ETF | -0.14 | -0.03 | — | 99 | Commodities | XSW vs BWET | |
| United States Oil Fund LP | -0.13 | -0.01 | 0.08 | 66 | Oil & Gas | XSW vs USO | |
| United States 12 Month Oil Fund LP | -0.13 | 0.01 | 0.09 | 56 | Oil & Gas | XSW vs USL | |
| United States Brent Oil Fund LP | -0.12 | -0.00 | 0.08 | 65 | Oil & Gas | XSW vs BNO |
See all 1600 diversifiers for XSW
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