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
1163 ETFs have low correlation with OUNZ (below 0.3), 19 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, up from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.28 | -0.38 | 61 | Leveraged Currency | OUNZ vs YCS | |
| TCW AAA CLO ETF | -0.14 | — | — | 99 | CLO | OUNZ vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | OUNZ vs CSHP | |
| PIMCO Enhanced Short Maturity Active ETF | -0.08 | -0.03 | 0.10 | 100 | Ultrashort Bond | OUNZ vs MINT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.07 | — | — | 98 | Inflation-Protected Bonds | OUNZ vs IBIC |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.06, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.06 | -0.02 | -0.00 | 68 | Financial Services | |
| Walmart Inc. | 0.05 | 0.04 | 0.05 | 69 | Consumer Defensive | |
| American Express Company | 0.06 | 0.08 | 0.08 | 56 | Financial Services | |
| Alkermes plc | 0.08 | 0.02 | 0.00 | 80 | Healthcare | |
| Definium Therapeutics, Inc | 0.08 | 0.10 | — | 98 | Healthcare |
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