Looking to diversify beyond OVT? The ETFs below have the lowest correlation with OVT — 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 OVT.
Best Diversifiers for OVT
133 ETFs have low correlation with OVT (below 0.3), 39 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.11 | -0.02 | 53 | Oil & Gas | OVT vs DBE | |
| ProShares Short Bitcoin ETF | -0.26 | -0.23 | -0.25 | 57 | Cryptocurrency | OVT vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.25 | -0.06 | 0.03 | 51 | Commodities | OVT vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.21 | -0.01 | 0.05 | 54 | Commodities | OVT vs DBC | |
| DoubleLine Commodity Strategy ETF | -0.20 | -0.04 | -0.04 | 51 | Commodities | OVT vs DCMT |
See all 1137 diversifiers for OVT
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