Looking to diversify beyond IOO? The ETFs below have historically moved differently from IOO, 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 IOO
399 ETFs have low correlation with IOO (below 0.3), 78 of which are negatively correlated. The least correlated is YieldMax MSTR Short Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.46, roughly unchanged from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.46 | -0.47 | -0.47 | 58 | Derivative Income | IOO vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.07 | 54 | Oil & Gas | IOO vs DBE | |
| United States Gasoline Fund, LP | -0.26 | -0.06 | 0.06 | 72 | Oil & Gas | IOO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.26 | — | — | 98 | Inflation-Protected Bonds | IOO vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | IOO vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for IOO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.07 | 0.08 | 63 | Consumer Defensive | |
| Chevron Corporation | -0.24 | 0.01 | 0.19 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.23 | 0.01 | 0.17 | 65 | Energy | |
| Exxon Mobil Corporation | -0.23 | -0.02 | 0.15 | 84 | Energy | |
| Chubb Limited | -0.22 | -0.01 | 0.21 | 87 | Financial Services |
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