Looking to diversify beyond OVL? The ETFs below have historically moved differently from OVL, 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 OVL
272 ETFs have low correlation with OVL (below 0.3), 58 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 63 | Derivative Income | OVL vs WNTR | |
| Invesco DB Energy Fund | -0.26 | -0.08 | 0.07 | 53 | Oil & Gas | OVL vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | OVL vs IBIC | |
| United States Gasoline Fund, LP | -0.20 | -0.05 | 0.06 | 74 | Oil & Gas | OVL vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | OVL vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OVL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.01 | 0.12 | 64 | Consumer Defensive | |
| Chevron Corporation | -0.21 | 0.05 | 0.22 | 76 | Energy | |
| Occidental Petroleum Corporation | -0.19 | 0.07 | 0.23 | 68 | Energy | |
| Exxon Mobil Corporation | -0.19 | 0.02 | 0.19 | 85 | Energy | |
| The Coca-Cola Company | -0.18 | 0.04 | 0.22 | 86 | Consumer Defensive |
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