Looking to diversify beyond ONEO? The ETFs below have the lowest correlation with ONEO — 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 ONEO.
Best Diversifiers for ONEO
267 ETFs have low correlation with ONEO (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.27 | -0.03 | 0.15 | 71 | Oil & Gas | ONEO vs DBE | |
| United States Oil Fund LP | -0.25 | -0.02 | 0.14 | 66 | Oil & Gas | ONEO vs USO | |
| United States Brent Oil Fund LP | -0.24 | -0.02 | 0.14 | 65 | Oil & Gas | ONEO vs BNO | |
| United States Gasoline Fund LP | -0.23 | -0.01 | 0.13 | 70 | Oil & Gas | ONEO vs UGA | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.23 | 0.02 | 0.16 | 55 | Oil & Gas | ONEO vs OILK |
See all 1646 diversifiers for ONEO
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