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
348 ETFs have low correlation with DIVO (below 0.3), 30 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.27, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | -0.32 | -0.32 | 51 | Derivative Income | DIVO vs WNTR | |
| ProShares UltraShort Yen | -0.24 | -0.07 | -0.03 | 73 | Leveraged Currency | DIVO vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | DIVO vs RBIL | |
| United States Gasoline Fund LP | -0.19 | 0.01 | 0.15 | 60 | Oil & Gas | DIVO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | DIVO vs IBIC |
To view more results, upgrade your current subscription plan.
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 -0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.00 | 0.07 | 0.11 | 82 | Financial Services | |
| Chevron Corporation | 0.03 | 0.29 | 0.41 | 70 | Energy | |
| Exxon Mobil Corporation | 0.03 | 0.26 | 0.39 | 74 | Energy | |
| Altria Group, Inc. | 0.03 | 0.23 | 0.33 | 74 | Consumer Defensive | |
| Sunoco LP | 0.04 | 0.22 | 0.31 | 72 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements DIVO
Add DIVO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with DIVO