Looking to diversify beyond XYZG? The ETFs below have the lowest correlation with XYZG — 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 XYZG.
Best Diversifiers for XYZG
342 ETFs have low correlation with XYZG (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.19, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.19 | -0.12 | -0.12 | 71 | Oil & Gas | XYZG vs DBE | |
| United States Brent Oil Fund LP | -0.16 | — | — | 65 | Oil & Gas | XYZG vs BNO | |
| Invesco DB Oil Fund | -0.16 | -0.08 | -0.08 | 65 | Oil & Gas | XYZG vs DBO | |
| Direxion Daily Energy Bull 2X Shares | -0.14 | — | — | 61 | Leveraged Equities | XYZG vs ERX | |
| Breakwave Tanker Shipping ETF | -0.14 | -0.16 | -0.16 | 99 | Commodities | XYZG vs BWET |
See all 1166 diversifiers for XYZG
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