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
226 ETFs have low correlation with OVF (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.25 | -0.25 | 61 | Leveraged Currency | OVF vs YCS | |
| Invesco DB Energy Fund | -0.36 | -0.07 | 0.05 | 71 | Oil & Gas | OVF vs DBE | |
| United States Oil Fund LP | -0.36 | -0.07 | 0.05 | 66 | Oil & Gas | OVF vs USO | |
| United States Brent Oil Fund LP | -0.35 | -0.07 | 0.05 | 65 | Oil & Gas | OVF vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.33 | -0.10 | -0.10 | 56 | Derivative Income | OVF vs USOY |
See all 1592 diversifiers for OVF
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Diversification Analysis
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