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OverviewHoldingsPerformanceSimilar EtfsSplitsCorrelations
High CorrelationLow Correlation

32 Stocks and 68 ETFs for diversifying OILD (Bank of Montreal)

The least correlated asset to OILD (Bank of Montreal) is ETF GXPE (GLOBAL X PURECAP MSCI ENERGY ETF). The correlation is -0.9611.

Stocks that lowly correlated with OILD

SymbolName
Market cap
SectorIndustry
Correlation
OVVOvintiv Inc$16BEnergyOil & Gas E&p-0.89
DVNDevon Energy Corp$53BEnergyOil & Gas E&p-0.86
MTDRMatador Resources Company$6.54BEnergyOil & Gas E&p-0.85
EOGEOG Resources Inc$73BEnergyOil & Gas E&p-0.84
FANGDiamondback Energy Inc$53BEnergyOil & Gas E&p-0.84
COPConoco Phillips$136BEnergyOil & Gas E&p-0.84
MGYMagnolia Oil & Gas Corp - Class A$4.90BEnergyOil & Gas E&p-0.83
TALOTalos Energy Inc$2.35BEnergyOil & Gas E&p-0.83
SUSuncor Energy Inc$72BEnergyOil & Gas Integrated-0.82
CNQCanadian Natural Resources Ltd$90BEnergyOil & Gas E&p-0.81
SLBSLB$71BEnergyOil & Gas Equipment & Services-0.80
CVECenovus Energy Inc$51BEnergyOil & Gas Integrated-0.80
HALHalliburton Company$30BEnergyOil & Gas Equipment & Services-0.80
SMSM Energy Company$7.17BEnergyOil & Gas E&p-0.79
XOMExxon Mobil Corp$604BEnergyOil & Gas Integrated-0.79
VNOMViper Energy Inc - Class A$6.95BEnergyOil & Gas Midstream-0.78
VLOValero Energy Corp$87BEnergyOil & Gas Refining & Marketing-0.78
DMLPDorchester Minerals LP$1.31BEnergyOil & Gas E&p-0.78
BTEBaytex Energy Corp$3.09BEnergyOil & Gas E&p-0.77
NOVNOV Inc$6.99BEnergyOil & Gas Equipment & Services-0.77
IMOImperial Oil Ltd$58BEnergyOil & Gas Integrated-0.77
VETVermilion Energy Inc$1.50BEnergyOil & Gas E&p-0.77
MURMurphy Oil Corp$4.97BEnergyOil & Gas E&p-0.76
PRPermian Resources Corp - Class A$16BEnergyOil & Gas E&p-0.76
BRYBerry Corp$253MEnergyOil & Gas E&p-0.76
PTENPatterson-UTI Energy Inc$3.74BEnergyOil & Gas Drilling-0.76
NBRNabors Industries Ltd$1.17BEnergyOil & Gas Drilling-0.75
OXYOccidental Petroleum Corp$53BEnergyOil & Gas E&p-0.74
HLXHelix Energy Solutions Group Inc$1.39BEnergyOil & Gas Equipment & Services-0.74
TRGPTarga Resources Corp$60BEnergyOil & Gas Midstream-0.74
TSTenaris S.A.$30BEnergyOil & Gas Equipment & Services-0.74
SHELShell Plc ADR (Representing - )$241BEnergyOil & Gas Integrated-0.74

ETFs that lowly correlated with OILD

SymbolName
AUM
Expense Ratio
Inception Date
Correlation
GXPEGLOBAL X PURECAP MSCI ENERGY ETF $1.20M0.15%Jul 22, 2025-0.96
OILUBank of Montreal$48MN/ANov 8, 2021-0.95
XLEISTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF STATE STREET(R)ENERGY SELECT SECTOR SPDR(R) PREMIUM INCOME ETF$40M0.35%Jul 29, 2025-0.94
WEEIWestwood Salient Enhanced Energy Income ETF$82M0.85%Apr 30, 2024-0.92
DRLLSTRIVE U.S. ENERGY ETF $261M0.41%Aug 8, 2022-0.92
OILTTexas Capital Texas Oil Index ETF$12M0.35%Dec 20, 2023-0.91
IEOISHARES U.S. OIL & GAS EXPLORATION & PRODUCTION ETF $516M0.38%May 1, 2006-0.90
RSPGINVESCO S&P 500 EQUAL WEIGHT ENERGY ETF $533M0.40%Nov 1, 2006-0.89
IYEISHARES U.S. ENERGY ETF $1.50B0.38%Jun 12, 2000-0.89
VDEVANGUARD ENERGY INDEX FUND ETF SHARES$11B0.09%Sep 23, 2004-0.89
FENYFIDELITY MSCI ENERGY INDEX ETF $1.70B0.08%Oct 21, 2013-0.89
FTXNFIRST TRUST NASDAQ OIL & GAS ETF $181M0.60%Sep 20, 2016-0.88
FXNFIRST TRUST ENERGY ALPHADEX FUND $413M0.63%May 8, 2007-0.88
ERXDIREXION DAILY ENERGY BULL 2X SHARES $211MN/ANov 6, 2008-0.88
XLESTATE STREET(R) ENERGY SELECT SECTOR SPDR(R) ETF $36B0.08%Dec 16, 1998-0.88
NVIRHORIZON KINETICS ENERGY AND REMEDIATION ETF $5.80M0.85%Feb 21, 2023-0.88
DIGPROSHARES ULTRA ENERGY $64MN/AJan 30, 2007-0.88
PXIINVESCO DORSEY WRIGHT ENERGY MOMENTUM ETF $73M0.60%Oct 12, 2006-0.88
XOPSTATE STREET(R) SPDR(R) S&P(R) OIL & GAS EXPLORATION & PRODUCTION ETF $2.90B0.35%Jun 19, 2006-0.88
IXCISHARES GLOBAL ENERGY ETF $2B0.40%Nov 12, 2001-0.87
PXEINVESCO ENERGY EXPLORATION & PRODUCTION ETF $79M0.61%Oct 26, 2005-0.87
POWRISHARES U.S. POWER INFRASTRUCTURE ETF $420M0.40%Jan 31, 2012-0.87
OILKPROSHARES K-1 FREE CRUDE OIL STRATEGY ETF $221M0.69%Sep 26, 2016-0.87
IGEISHARES NORTH AMERICAN NATURAL RESOURCES ETF $708M0.39%Oct 22, 2001-0.87
PEOAdams Natural Resources Fund Inc$762MN/AN/A-0.87
FCGFIRST TRUST NATURAL GAS ETF $590M0.59%May 8, 2007-0.86
GUSHDIREXION DAILY S&P OIL & GAS EXP. & PROD. BULL 2X SHARES $194MN/AMay 28, 2015-0.85
CEFZRIVERNORTH ACTIVE INCOME ETF $40M3.36%Dec 27, 2006-0.85
PSCEINVESCO S&P SMALLCAP ENERGY ETF $98M0.29%Apr 7, 2010-0.85
USLUnited States 12 Month Oil Fund LP$41M1.01%Dec 6, 2007-0.84
UCOProShares Ultra Bloomberg Crude Oil 2x Shares$312MN/ANov 24, 2008-0.84
IEZISHARES U.S. OIL EQUIPMENT & SERVICES ETF $377M0.38%May 1, 2006-0.84
PIPEInvesco SteelPath MLP & Energy Infrastructure ETF$65M0.75%Feb 18, 2025-0.83
OIHVANECK OIL SERVICES ETF $2B0.35%Dec 20, 2011-0.83
BGRBlackrock Energy & Resources Trust$418MN/AN/A-0.83
TNGYTORTOISE ENERGY ETF $515M0.85%Dec 27, 2010-0.83
EIPXFT ENERGY INCOME PARTNERS STRATEGY ETF $524M0.95%Nov 2, 2022-0.83
XESSTATE STREET(R) SPDR(R) S&P(R) OIL & GAS EQUIPMENT & SERVICES ETF $467M0.35%Jun 19, 2006-0.82
GSGiShares S&P GSCI Commodity-Indexed Trust$839M0.75%Jul 10, 2006-0.81
XOMOYIELDMAX(R) XOM OPTION INCOME STRATEGY ETF $30M1.17%Aug 30, 2023-0.81
PXJINVESCO OIL & GAS SERVICES ETF $75M0.63%Oct 26, 2005-0.81
EIPIFT ENERGY INCOME PARTNERS ENHANCED INCOME ETF $1B1.11%Sep 27, 2011-0.81
DBCInvesco DB Commodity Index Tracking Fund$1.60B0.85%Feb 3, 2006-0.80
PDBCINVESCO OPTIMUM YIELD DIVERSIFIED COMMODITY STRATEGY NO K-1 ETF $5.30B0.59%Nov 7, 2014-0.80
XOMXDirexion Daily XOM Bull 2X Shares$7.80MN/AApr 22, 2025-0.80
USOUnited States Oil Fund$1.90B0.86%Apr 10, 2006-0.79
UGAUnited States Gasoline Fund LP$108M1.08%Feb 26, 2008-0.79
RLYSTATE STREET(R) MULTI-ASSET REAL RETURN ETF $1.20B0.50%Apr 25, 2012-0.79
FTIFFIRST TRUST BLOOMBERG INFLATION SENSITIVE EQUITY ETF $5.40M0.60%Mar 13, 2023-0.78
BNOUnited States Brent Crude Oil Fund$544M1.15%Jun 2, 2010-0.78
DBOInvesco DB Oil Fund$216M0.75%Jan 5, 2007-0.77
NANRSTATE STREET(R) SPDR(R) S&P(R) NORTH AMERICAN NATURAL RESOURCES ETF $736M0.35%Dec 15, 2015-0.77
GNRSTATE STREET(R) SPDR(R) S&P(R) GLOBAL NATURAL RESOURCES ETF $4.50B0.40%Sep 13, 2010-0.76
GUNRFLEXSHARES MORNINGSTAR GLOBAL UPSTREAM NATURAL RESOURCES INDEX FUND $6.70B0.46%Sep 16, 2011-0.76
DBEInvesco DB Energy Fund$85M0.75%Jan 5, 2007-0.76
COMTISHARES GSCI COMMODITY DYNAMIC ROLL STRATEGY ETF $1.10B0.48%Oct 15, 2014-0.76
BCXBlackRock Resources & Commodities Strategy Trust$917MN/AN/A-0.76
USAIPACER AMERICAN ENERGY INDEPENDENCE ETF $111M0.75%Dec 12, 2017-0.75
NDIVAmplify Natural Resources Dividend Income ETF$26M0.59%Aug 23, 2022-0.75
AVIEAVANTIS INFLATION FOCUSED EQUITY ETF $10M0.25%Sep 27, 2022-0.75
NMLNeuberger Berman Energy Infrastructure and Income Fund Inc$671MN/AN/A-0.74
USCIUnited States Commodity Index Fund$337M1.05%Aug 10, 2010-0.74
EQRRPROSHARES EQUITIES FOR RISING RATES ETF $38M0.35%Jul 24, 2017-0.74
CRAKVANECK OIL REFINERS ETF $146M0.61%Aug 18, 2015-0.74
EINCVANECK ENERGY INCOME ETF $109M0.46%Mar 12, 2012-0.74
SDCIUSCF SUMMERHAVEN DYNAMIC COMMODITY STRATEGY NO K-1 FUND $526M0.60%May 3, 2018-0.74
AMZAINFRACAP MLP ETF $444M1.72%Oct 1, 2014-0.74
ONGLeverage Shares 2X Long ON Daily ETF$1.90MN/AJun 1, 2026-0.74