Looking to diversify beyond EVMO? The ETFs below have the lowest correlation with EVMO — 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 EVMO.
Best Diversifiers for EVMO
1020 ETFs have low correlation with EVMO (below 0.3), 55 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.34 | -0.34 | 72 | Oil & Gas | EVMO vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.31 | -0.31 | -0.31 | 51 | Commodities | EVMO vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.29 | -0.29 | -0.29 | 65 | Commodities | EVMO vs SDCI | |
| United States Commodity Index Fund | -0.28 | -0.28 | -0.28 | 65 | Commodities | EVMO vs USCI | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | -0.27 | -0.27 | 98 | Inflation-Protected Bonds | EVMO vs IBIC |
See all 2004 diversifiers for EVMO
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