Looking to diversify beyond ONEV? The ETFs below have historically moved differently from ONEV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ONEV
460 ETFs have low correlation with ONEV (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.11 | 0.06 | 72 | Oil & Gas | ONEV vs DBE | |
| United States Gasoline Fund LP | -0.27 | -0.10 | 0.05 | 87 | Oil & Gas | ONEV vs UGA | |
| United States Brent Oil Fund LP | -0.26 | -0.10 | 0.04 | 52 | Oil & Gas | ONEV vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.09 | 0.06 | 58 | Oil & Gas | ONEV vs DBO | |
| United States Oil Fund LP | -0.25 | -0.10 | 0.05 | 55 | Oil & Gas | ONEV vs USO |
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