Looking to diversify beyond OAEM? The ETFs below have the lowest correlation with OAEM — 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 OAEM.
Best Diversifiers for OAEM
222 ETFs have low correlation with OAEM (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.31 | -0.33 | 57 | Cryptocurrency | OAEM vs BITI | |
| Invesco DB Energy Fund | -0.20 | -0.00 | — | 53 | Oil & Gas | OAEM vs DBE | |
| Global X 1-3 Month T-Bill ETF | -0.17 | -0.05 | — | 100 | Ultrashort Bond | OAEM vs CLIP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | OAEM vs IBIC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | -0.08 | -0.03 | 100 | Government Bonds, Ultrashort Bond | OAEM vs BIL |
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