Looking to diversify beyond ONEV? The ETFs below have the lowest correlation with ONEV — 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 ONEV.
Best Diversifiers for ONEV
279 ETFs have low correlation with ONEV (below 0.3), 20 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.11 | -0.07 | 61 | Leveraged Currency | ONEV vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.01 | -0.02 | 100 | Government Bonds, Ultrashort Bond | ONEV vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | -0.00 | -0.00 | 98 | Inflation-Protected Bonds | ONEV vs IBIC | |
| First Trust Alternative Absolute Return Strategy E... | -0.10 | -0.01 | 0.01 | 70 | Commodities | ONEV vs FAAR | |
| VanEck Commodity Strategy ETF | -0.09 | 0.02 | 0.07 | 55 | Commodities | ONEV vs PIT |
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