Looking to diversify beyond DRIV? The ETFs below have the lowest correlation with DRIV — 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 DRIV.
Best Diversifiers for DRIV
400 ETFs have low correlation with DRIV (below 0.3), 60 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.28 | -0.02 | 0.10 | 66 | Oil & Gas | DRIV vs USO | |
| Invesco DB Energy Fund | -0.28 | -0.02 | 0.12 | 71 | Oil & Gas | DRIV vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.01 | 0.11 | 65 | Oil & Gas | DRIV vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | DRIV vs USOY | |
| Invesco DB Oil Fund | -0.24 | 0.01 | 0.12 | 65 | Oil & Gas | DRIV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRIV and solid risk/return profiles. The least correlated is Community Bank System, Inc. (CBU) (Financial Services) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Community Bank System, Inc. | 0.33 | 0.40 | 0.43 | 55 | Financial Services | |
| Apple Inc | 0.39 | 0.45 | 0.56 | 89 | Technology | |
| Amazon.com, Inc | 0.44 | 0.48 | 0.57 | 60 | Consumer Cyclical | |
| Tesla, Inc. | 0.52 | 0.56 | 0.61 | 55 | Consumer Cyclical | |
| Advanced Micro Devices, Inc. | 0.57 | 0.59 | 0.65 | 98 | Technology |
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