Looking to diversify beyond AOA? The ETFs below have the lowest correlation with AOA — 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 AOA.
Best Diversifiers for AOA
312 ETFs have low correlation with AOA (below 0.3), 70 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.36, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.36 | -0.07 | 0.08 | 66 | Oil & Gas | AOA vs USO | |
| Invesco DB Energy Fund | -0.36 | -0.07 | 0.09 | 71 | Oil & Gas | AOA vs DBE | |
| United States Brent Oil Fund LP | -0.34 | -0.05 | 0.08 | 65 | Oil & Gas | AOA vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | AOA vs USOY | |
| Invesco DB Oil Fund | -0.32 | -0.04 | 0.10 | 65 | Oil & Gas | AOA vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.07 | 0.17 | 69 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.14 | 0.10 | 0.22 | 85 | Energy | |
| ConocoPhillips Company | -0.13 | 0.09 | 0.22 | 76 | Energy | |
| Chevron Corporation | -0.11 | 0.11 | 0.23 | 83 | Energy | |
| Duke Energy Corporation | -0.09 | 0.05 | 0.15 | 53 | Utilities |
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