Looking to diversify beyond OEF? The ETFs below have the lowest correlation with OEF — 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 OEF.
Best Diversifiers for OEF
308 ETFs have low correlation with OEF (below 0.3), 77 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.31 | -0.07 | 0.06 | 66 | Oil & Gas | OEF vs USO | |
| Invesco DB Energy Fund | -0.30 | -0.06 | 0.07 | 71 | Oil & Gas | OEF vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.07 | 0.06 | 65 | Oil & Gas | OEF vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | OEF vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.04 | 0.08 | 56 | Oil & Gas | OEF vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OEF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OEF and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.20 | -0.06 | 0.08 | 52 | Utilities | |
| Altria Group, Inc. | -0.20 | -0.02 | 0.10 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | 0.01 | 0.17 | 85 | Energy | |
| EOG Resources, Inc. | -0.17 | 0.04 | 0.18 | 69 | Energy | |
| Chevron Corporation | -0.16 | 0.05 | 0.21 | 83 | Energy |
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Build a portfolio that complements OEF
Add OEF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OEF