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
145 ETFs have low correlation with OVT (below 0.3), 40 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 -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.10 | -0.01 | 71 | Oil & Gas | OVT vs DBE | |
| United States Brent Oil Fund LP | -0.31 | -0.09 | -0.02 | 65 | Oil & Gas | OVT vs BNO | |
| Invesco DB Oil Fund | -0.30 | -0.08 | -0.01 | 65 | Oil & Gas | OVT vs DBO | |
| iShares Commodities Select Strategy ETF | -0.23 | -0.04 | 0.03 | 71 | Commodities | OVT vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | -0.03 | 0.04 | 71 | Commodities | OVT vs GSG |
See all 1166 diversifiers for OVT
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