Looking to diversify beyond IVOO? The ETFs below have the lowest correlation with IVOO — 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 IVOO.
Best Diversifiers for IVOO
360 ETFs have low correlation with IVOO (below 0.3), 57 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.03 | 0.13 | 71 | Oil & Gas | IVOO vs DBE | |
| United States Oil Fund LP | -0.27 | -0.02 | 0.12 | 66 | Oil & Gas | IVOO vs USO | |
| United States Brent Oil Fund LP | -0.25 | -0.01 | 0.12 | 65 | Oil & Gas | IVOO vs BNO | |
| United States 12 Month Oil Fund LP | -0.25 | 0.01 | 0.14 | 56 | Oil & Gas | IVOO vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | 0.02 | 0.14 | 56 | Oil & Gas | IVOO vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVOO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVOO and solid risk/return profiles. The least correlated is Ashland Global Holdings Inc. (ASH) (Basic Materials) with a 1Y correlation of 0.66, roughly unchanged from 0.67 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ashland Global Holdings Inc. | 0.66 | 0.64 | 0.67 | 58 | Basic Materials |
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