Looking to diversify beyond OVB? The ETFs below have the lowest correlation with OVB — 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 OVB.
Best Diversifiers for OVB
134 ETFs have low correlation with OVB (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.16 | -0.10 | 53 | Oil & Gas | OVB vs DBE | |
| ProShares Short Bitcoin ETF | -0.28 | -0.16 | — | 57 | Cryptocurrency | OVB vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.08 | -0.05 | 51 | Commodities | OVB vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.23 | -0.07 | -0.02 | 54 | Commodities | OVB vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.22 | — | — | 51 | Commodities | OVB vs DCMT |
See all 1128 diversifiers for OVB
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