Looking to diversify beyond ONOF? The ETFs below have the lowest correlation with ONOF — 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 ONOF.
Best Diversifiers for ONOF
194 ETFs have low correlation with ONOF (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.04 | 71 | Oil & Gas | ONOF vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.06 | 0.04 | 65 | Oil & Gas | ONOF vs BNO | |
| Invesco DB Oil Fund | -0.25 | -0.05 | 0.05 | 65 | Oil & Gas | ONOF vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | ONOF vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.17 | 0.01 | 0.10 | 70 | Commodities | ONOF vs COMT |
See all 1185 diversifiers for ONOF
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