Looking to diversify beyond OUNZ? The ETFs below have the lowest correlation with OUNZ — 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 OUNZ.
Best Diversifiers for OUNZ
1097 ETFs have low correlation with OUNZ (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.43 | -0.46 | 51 | Currency | OUNZ vs UUP | |
| ProShares Short Bitcoin ETF | -0.26 | -0.13 | -0.15 | 57 | Cryptocurrency | OUNZ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.16 | -0.16 | 52 | Cryptocurrency, Leveraged Cryptocurrency | OUNZ vs SBIT | |
| ProShares UltraShort Yen | -0.23 | -0.27 | -0.38 | 72 | Leveraged Currency | OUNZ vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 68 | Inverse Equities, Leveraged Equities | OUNZ vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OUNZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OUNZ and solid risk/return profiles. The least correlated is Diamondback Energy, Inc. (FANG) (Energy) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Diamondback Energy, Inc. | -0.09 | 0.05 | 0.08 | 77 | Energy | |
| Chubb Limited | -0.08 | -0.03 | -0.01 | 86 | Financial Services | |
| Cheniere Energy, Inc. | -0.07 | 0.06 | 0.06 | 58 | Energy | |
| Waste Management, Inc. | -0.02 | 0.03 | 0.07 | 53 | Industrials | |
| Sabine Royalty Trust | -0.01 | 0.03 | 0.07 | 65 | Energy |
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