Looking to diversify beyond INVN? The ETFs below have the lowest correlation with INVN — 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 INVN.
Best Diversifiers for INVN
570 ETFs have low correlation with INVN (below 0.3), 48 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.16, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.16 | -0.06 | -0.06 | 66 | Oil & Gas | INVN vs USO | |
| Invesco DB Energy Fund | -0.16 | -0.05 | -0.05 | 71 | Oil & Gas | INVN vs DBE | |
| Invesco DB Oil Fund | -0.16 | -0.04 | -0.04 | 65 | Oil & Gas | INVN vs DBO | |
| United States Brent Oil Fund LP | -0.15 | -0.05 | -0.05 | 65 | Oil & Gas | INVN vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.15 | -0.03 | -0.03 | 55 | Oil & Gas | INVN vs OILK |
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