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
238 ETFs have low correlation with ONEO (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.33 | -0.36 | 53 | Cryptocurrency | ONEO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 65 | Inverse Equities, Leveraged Equities | ONEO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | ONEO vs WNTR | |
| Invesco DB Energy Fund | -0.23 | -0.04 | 0.14 | 57 | Oil & Gas | ONEO vs DBE | |
| United States Gasoline Fund LP | -0.19 | -0.03 | 0.13 | 82 | Oil & Gas | ONEO vs UGA |
See all 1564 diversifiers for ONEO
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