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
167 ETFs have low correlation with OVF (below 0.3), 34 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 | 63 | Leveraged Currency | OVF vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.07 | 0.04 | 55 | Oil & Gas | OVF vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | OVF vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.05 | -0.00 | 100 | Ultrashort Bond | OVF vs SGOV | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | OVF vs ACLO |
See all 1454 diversifiers for OVF
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Diversification Analysis
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