Looking to diversify beyond XXXX? The ETFs below have the lowest correlation with XXXX — 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 XXXX.
Best Diversifiers for XXXX
280 ETFs have low correlation with XXXX (below 0.3), 68 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | — | — | 66 | Oil & Gas | XXXX vs USO | |
| Invesco DB Energy Fund | -0.31 | — | — | 71 | Oil & Gas | XXXX vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | -0.06 | 65 | Oil & Gas | XXXX vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | — | — | 55 | Oil & Gas | XXXX vs OILK | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.08 | -0.08 | 56 | Derivative Income | XXXX vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XXXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XXXX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | -0.05 | -0.05 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.16 | 0.04 | 0.04 | 85 | Energy | |
| Duke Energy Corporation | -0.14 | -0.05 | -0.05 | 53 | Utilities | |
| Chevron Corporation | -0.12 | 0.06 | 0.06 | 83 | Energy | |
| ConocoPhillips Company | -0.12 | 0.05 | 0.05 | 76 | Energy |
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