Looking to diversify beyond IOO? The ETFs below have the lowest correlation with IOO — 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 IOO.
Best Diversifiers for IOO
344 ETFs have low correlation with IOO (below 0.3), 45 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.27 | -0.05 | 0.08 | 55 | Oil & Gas | IOO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.25 | — | — | 98 | Inflation-Protected Bonds | IOO vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.23 | — | — | 97 | Inflation-Protected Bonds | IOO vs RBIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.19 | -0.33 | -0.33 | 55 | Inverse Equities | IOO vs NFXS | |
| ProShares UltraShort Yen | -0.18 | -0.03 | -0.04 | 63 | Leveraged Currency | IOO vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IOO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IOO and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.21 | -0.08 | 0.07 | 62 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.05 | 0.10 | 72 | Consumer Defensive | |
| ConocoPhillips Company | -0.20 | 0.01 | 0.16 | 65 | Energy | |
| Exxon Mobil Corporation | -0.20 | -0.01 | 0.15 | 72 | Energy | |
| Chevron Corporation | -0.19 | 0.02 | 0.17 | 70 | Energy |
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Build a portfolio that complements IOO
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