Looking to diversify beyond OEF? The ETFs below have historically moved differently from OEF, 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 OEF
382 ETFs have low correlation with OEF (below 0.3), 92 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 61 | Inverse Equities, Leveraged Equities | OEF vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 75 | Derivative Income | OEF vs WNTR | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | OEF vs SBIT | |
| ProShares Short Bitcoin ETF | -0.47 | -0.36 | — | 61 | Cryptocurrency | OEF vs BITI | |
| Alpha Architect Tail Risk ETF | -0.33 | -0.05 | — | 56 | Options Trading | OEF vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OEF, 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 -0.28, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.07 | 0.07 | 66 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.09 | 0.06 | 56 | Utilities | |
| Exxon Mobil Corporation | -0.24 | -0.02 | 0.14 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.24 | 0.00 | 0.15 | 70 | Energy | |
| Chevron Corporation | -0.24 | 0.01 | 0.18 | 80 | Energy |
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