Looking to diversify beyond BOTZ? The ETFs below have the lowest correlation with BOTZ — 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 BOTZ.
Best Diversifiers for BOTZ
422 ETFs have low correlation with BOTZ (below 0.3), 87 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.06 | 71 | Oil & Gas | BOTZ vs DBE | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.05 | 66 | Oil & Gas | BOTZ vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.06 | 0.05 | 65 | Oil & Gas | BOTZ vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | BOTZ vs USOY | |
| United States Gasoline Fund LP | -0.26 | -0.05 | 0.05 | 69 | Oil & Gas | BOTZ vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BOTZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOTZ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.30, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.30 | -0.11 | 0.01 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.12 | -0.02 | 53 | Utilities | |
| The Coca-Cola Company | -0.21 | -0.05 | 0.08 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | -0.01 | 0.10 | 85 | Energy | |
| Chubb Limited | -0.18 | -0.06 | 0.09 | 51 | Financial Services |
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