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
319 ETFs have low correlation with OEF (below 0.3), 71 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.48, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.48 | -0.45 | -0.45 | 68 | Inverse Equities, Leveraged Equities | OEF vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.46 | -0.48 | -0.48 | 70 | Derivative Income | OEF vs WNTR | |
| ProShares Short Bitcoin ETF | -0.45 | -0.36 | -0.38 | 57 | Cryptocurrency | OEF vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.41 | -0.41 | 52 | Cryptocurrency, Leveraged Cryptocurrency | OEF vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.21 | -0.27 | 51 | Currency | OEF vs UUP |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.28, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.28 | 0.02 | 0.22 | 53 | Industrials | |
| Altria Group, Inc. | -0.27 | -0.06 | 0.09 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.24 | -0.08 | 0.06 | 66 | Utilities | |
| Chubb Limited | -0.23 | 0.01 | 0.22 | 86 | Financial Services | |
| EOG Resources, Inc. | -0.22 | 0.01 | 0.16 | 63 | Energy |
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