Looking to diversify beyond CORP? The ETFs below have the lowest correlation with CORP — 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 CORP.
Best Diversifiers for CORP
643 ETFs have low correlation with CORP (below 0.3), 94 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.49, roughly unchanged from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.49 | -0.44 | -0.47 | 63 | Leveraged Currency | CORP vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.20 | -0.12 | 71 | Oil & Gas | CORP vs DBE | |
| Invesco DB Oil Fund | -0.41 | -0.19 | -0.12 | 65 | Oil & Gas | CORP vs DBO | |
| United States Brent Oil Fund LP | -0.41 | -0.20 | -0.13 | 65 | Oil & Gas | CORP vs BNO | |
| United States Gasoline Fund LP | -0.41 | -0.19 | -0.11 | 71 | Oil & Gas | CORP vs UGA |
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