Looking to diversify beyond ONEQ? The ETFs below have the lowest correlation with ONEQ — 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 ONEQ.
Best Diversifiers for ONEQ
318 ETFs have low correlation with ONEQ (below 0.3), 79 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.08 | 0.05 | 71 | Oil & Gas | ONEQ vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.04 | 66 | Oil & Gas | ONEQ vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | ONEQ vs USOY | |
| United States Brent Oil Fund LP | -0.29 | -0.06 | 0.04 | 65 | Oil & Gas | ONEQ vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.27 | -0.03 | 0.06 | 55 | Oil & Gas | ONEQ vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONEQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONEQ and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.28, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.28 | -0.10 | 0.02 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.25 | -0.14 | -0.01 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.22 | -0.05 | 0.07 | 85 | Energy | |
| Chubb Limited | -0.19 | -0.05 | 0.10 | 51 | Financial Services | |
| ConocoPhillips Company | -0.19 | -0.01 | 0.10 | 76 | Energy |
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