Looking to diversify beyond AOM? The ETFs below have the lowest correlation with AOM — 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 AOM.
Best Diversifiers for AOM
210 ETFs have low correlation with AOM (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.13 | 0.02 | 71 | Oil & Gas | AOM vs DBE | |
| United States Oil Fund LP | -0.40 | -0.12 | 0.01 | 66 | Oil & Gas | AOM vs USO | |
| United States Brent Oil Fund LP | -0.40 | -0.11 | 0.01 | 65 | Oil & Gas | AOM vs BNO | |
| ProShares UltraShort Yen | -0.40 | -0.29 | -0.28 | 63 | Leveraged Currency | AOM vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.38 | — | — | 56 | Derivative Income | AOM vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AOM and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.17 | 0.03 | 0.14 | 76 | Energy | |
| Exxon Mobil Corporation | -0.16 | 0.04 | 0.14 | 85 | Energy | |
| Chevron Corporation | -0.14 | 0.05 | 0.16 | 83 | Energy | |
| Altria Group, Inc. | -0.13 | 0.08 | 0.16 | 67 | Consumer Defensive | |
| BP p.l.c. | -0.11 | 0.13 | 0.20 | 87 | Energy |
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