Looking to diversify beyond OVB? The ETFs below have historically moved differently from OVB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OVB
155 ETFs have low correlation with OVB (below 0.3), 51 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.38, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.38 | -0.18 | -0.11 | 72 | Oil & Gas | OVB vs DBE | |
| United States Brent Oil Fund LP | -0.36 | -0.17 | -0.11 | 52 | Oil & Gas | OVB vs BNO | |
| Invesco DB Oil Fund | -0.36 | -0.16 | -0.10 | 58 | Oil & Gas | OVB vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.29 | -0.11 | -0.06 | 67 | Commodities | OVB vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.28 | -0.12 | -0.06 | 58 | Commodities | OVB vs COMT |
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