Looking to diversify beyond EVMO? The ETFs below have historically moved differently from EVMO, 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 EVMO
1053 ETFs have low correlation with EVMO (below 0.3), 84 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.34 | -0.34 | -0.34 | 87 | Oil & Gas | EVMO vs UGA | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.30 | -0.30 | -0.30 | 85 | Commodities | EVMO vs SDCI | |
| First Trust Nasdaq Oil & Gas ETF | -0.29 | -0.29 | -0.29 | 61 | Energy Equities | EVMO vs FTXN | |
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.29 | -0.29 | -0.29 | 58 | Energy Equities | EVMO vs XOP | |
| United States Commodity Index Fund | -0.29 | -0.29 | -0.29 | 84 | Commodities | EVMO vs USCI |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements EVMO
Add EVMO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with EVMO