Looking to diversify beyond ONEY? The ETFs below have the lowest correlation with ONEY — 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 ONEY.
Best Diversifiers for ONEY
386 ETFs have low correlation with ONEY (below 0.3), 23 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 70 | Inverse Equities, Leveraged Equities | ONEY vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.24 | -0.26 | — | 52 | Cryptocurrency | ONEY vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.21 | — | — | 73 | Derivative Income | ONEY vs WNTR | |
| ProShares UltraShort Yen | -0.17 | -0.10 | -0.07 | 73 | Leveraged Currency | ONEY vs YCS | |
| United States Gasoline Fund LP | -0.10 | 0.03 | 0.15 | 84 | Oil & Gas | ONEY vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONEY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONEY and solid risk/return profiles. The least correlated is Alphabet Inc. Class A (GOOGL) (Communication Services) with a 1Y correlation of 0.15, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.15 | 0.18 | 0.31 | 96 | Communication Services | |
| Advanced Micro Devices, Inc. | 0.17 | 0.27 | 0.36 | 96 | Technology | |
| The Allstate Corporation | 0.25 | 0.35 | 0.48 | 76 | Financial Services | |
| NextEra Energy, Inc. | 0.31 | 0.38 | 0.43 | 73 | Utilities | |
| JPMorgan Chase & Co. | 0.42 | 0.54 | 0.63 | 71 | Financial Services |
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