Looking to diversify beyond DIVO? The ETFs below have the lowest correlation with DIVO — 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 DIVO.
Best Diversifiers for DIVO
423 ETFs have low correlation with DIVO (below 0.3), 57 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 98 | Inflation-Protected Bonds | DIVO vs RBIL | |
| ProShares UltraShort Yen | -0.22 | -0.06 | -0.03 | 67 | Leveraged Currency | DIVO vs YCS | |
| Invesco DB Energy Fund | -0.22 | -0.00 | 0.16 | 71 | Oil & Gas | DIVO vs DBE | |
| United States Oil Fund LP | -0.21 | 0.00 | 0.15 | 66 | Oil & Gas | DIVO vs USO | |
| United States 12 Month Oil Fund LP | -0.21 | 0.01 | 0.17 | 56 | Oil & Gas | DIVO vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DIVO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DIVO and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of -0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.01 | 0.06 | 0.11 | 82 | Financial Services | |
| Sunoco LP | 0.04 | 0.21 | 0.31 | 80 | Energy | |
| FLEX LNG Ltd | 0.05 | 0.24 | 0.28 | 80 | Energy | |
| Altria Group, Inc. | 0.05 | 0.25 | 0.34 | 73 | Consumer Defensive | |
| BP p.l.c. | 0.05 | 0.22 | 0.33 | 89 | Energy |
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