Looking to diversify beyond DIVO? The ETFs below have historically moved differently from DIVO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for DIVO
418 ETFs have low correlation with DIVO (below 0.3), 53 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | DIVO vs WNTR | |
| ProShares Short Bitcoin ETF | -0.27 | -0.26 | — | 51 | Cryptocurrency | DIVO vs BITI | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.13 | 66 | Oil & Gas | DIVO vs DBE | |
| United States Gasoline Fund, LP | -0.22 | -0.02 | 0.13 | 83 | Oil & Gas | DIVO vs UGA | |
| Invesco DB Oil Fund | -0.21 | -0.03 | 0.13 | 51 | Oil & Gas | DIVO vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for DIVO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.05, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.05 | 0.19 | 0.31 | 68 | Energy | |
| Devon Energy Corporation | -0.01 | 0.21 | 0.34 | 78 | Energy | |
| Altria Group, Inc. | 0.02 | 0.22 | 0.31 | 66 | Consumer Defensive | |
| ConocoPhillips Company | 0.02 | 0.21 | 0.33 | 73 | Energy | |
| Chevron Corporation | 0.03 | 0.27 | 0.40 | 79 | Energy |
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