Looking to diversify beyond IVOV? The ETFs below have the lowest correlation with IVOV — 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 IVOV.
Best Diversifiers for IVOV
394 ETFs have low correlation with IVOV (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | -0.01 | 0.14 | 71 | Oil & Gas | IVOV vs DBE | |
| United States Oil Fund LP | -0.21 | -0.00 | 0.13 | 66 | Oil & Gas | IVOV vs USO | |
| United States Brent Oil Fund LP | -0.20 | 0.00 | 0.13 | 65 | Oil & Gas | IVOV vs BNO | |
| Invesco DB Oil Fund | -0.19 | 0.01 | 0.14 | 65 | Oil & Gas | IVOV vs DBO | |
| United States 12 Month Oil Fund LP | -0.19 | 0.02 | 0.15 | 56 | Oil & Gas | IVOV vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IVOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IVOV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.14 | 0.25 | 67 | Consumer Defensive | |
| Duke Energy Corporation | 0.02 | 0.15 | 0.22 | 52 | Utilities | |
| Chevron Corporation | 0.04 | 0.26 | 0.36 | 83 | Energy | |
| Walmart Inc. | 0.06 | 0.15 | 0.24 | 59 | Consumer Defensive | |
| Energy Transfer LP | 0.06 | 0.31 | 0.41 | 73 | Energy |
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