Looking to diversify beyond OVF? The ETFs below have the lowest correlation with OVF — 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 OVF.
Best Diversifiers for OVF
196 ETFs have low correlation with OVF (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | -0.35 | 52 | Cryptocurrency | OVF vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 70 | Inverse Equities, Leveraged Equities | OVF vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 73 | Derivative Income | OVF vs WNTR | |
| ProShares UltraShort Yen | -0.38 | -0.25 | -0.25 | 73 | Leveraged Currency | OVF vs YCS | |
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.05 | 57 | Oil & Gas | OVF vs DBE |
See all 1564 diversifiers for OVF
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements OVF
Add OVF to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OVF