Looking to diversify beyond OVM? The ETFs below have the lowest correlation with OVM — 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 OVM.
Best Diversifiers for OVM
159 ETFs have low correlation with OVM (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.28, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.12 | -0.06 | 71 | Oil & Gas | OVM vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.12 | -0.07 | 65 | Oil & Gas | OVM vs BNO | |
| Invesco DB Oil Fund | -0.26 | -0.11 | -0.06 | 65 | Oil & Gas | OVM vs DBO | |
| iShares Commodities Select Strategy ETF | -0.21 | -0.08 | -0.02 | 70 | Commodities | OVM vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.20 | -0.07 | -0.01 | 71 | Commodities | OVM vs GSG |
See all 1228 diversifiers for OVM
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