Looking to diversify beyond YCL? The ETFs below have historically moved differently from YCL, 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 YCL
1310 ETFs have low correlation with YCL (below 0.3), 98 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.94, roughly unchanged from -0.97 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.94 | -0.95 | -0.97 | 56 | Leveraged Currency | YCL vs YCS | |
| United States Gasoline Fund LP | -0.30 | -0.15 | -0.07 | 87 | Oil & Gas | YCL vs UGA | |
| United States Brent Oil Fund LP | -0.30 | -0.15 | -0.07 | 52 | Oil & Gas | YCL vs BNO | |
| United States Oil Fund LP | -0.30 | -0.15 | -0.08 | 55 | Oil & Gas | YCL vs USO | |
| Invesco DB Oil Fund | -0.28 | -0.14 | -0.07 | 58 | Oil & Gas | YCL vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YCL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) (Financial Services) with a 1Y correlation of 0.00, roughly unchanged from -0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.00 | -0.02 | — | 86 | Financial Services | |
| Frontline Ltd. | 0.06 | -0.03 | -0.01 | 96 | Industrials | |
| Oxford Lane Capital Corp. | 0.07 | 0.07 | 0.06 | 97 | Financial Services | |
| Agree Realty Corporation | 0.27 | 0.26 | 0.16 | 68 | Real Estate |
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