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
376 ETFs have low correlation with ONEY (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.10 | -0.06 | 61 | Leveraged Currency | ONEY vs YCS | |
| Invesco DB Energy Fund | -0.11 | 0.06 | 0.19 | 71 | Oil & Gas | ONEY vs DBE | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ONEY vs USFR | |
| United States Oil Fund LP | -0.09 | 0.07 | 0.18 | 66 | Oil & Gas | ONEY vs USO | |
| United States Gasoline Fund LP | -0.09 | 0.06 | 0.16 | 69 | Oil & Gas | ONEY vs UGA |
See all 1590 diversifiers for ONEY
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