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
304 ETFs have low correlation with ONEY (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.11 | -0.06 | 63 | Leveraged Currency | ONEY vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ONEY vs USFR | |
| United States Gasoline Fund LP | -0.08 | 0.04 | 0.16 | 55 | Oil & Gas | ONEY vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.06 | — | — | 99 | Ultrashort Bond | ONEY vs CSHP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | ONEY vs BIL |
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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 0.16, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alphabet Inc. Class A | 0.16 | 0.20 | 0.35 | 96 | Communication Services | |
| Advanced Micro Devices, Inc. | 0.21 | 0.28 | 0.37 | 97 | Technology | |
| The Allstate Corporation | 0.23 | 0.35 | 0.48 | 67 | Financial Services | |
| JPMorgan Chase & Co. | 0.45 | 0.56 | 0.64 | 68 | Financial Services |
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