Looking to diversify beyond OWNS? The ETFs below have the lowest correlation with OWNS — 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 OWNS.
Best Diversifiers for OWNS
587 ETFs have low correlation with OWNS (below 0.3), 55 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.26 | -0.26 | 57 | Oil & Gas | OWNS vs DBE | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.32 | -0.23 | -0.23 | 52 | Commodities | OWNS vs COMT | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.32 | — | — | 54 | Commodities | OWNS vs GSG | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 81 | Systematic Trend | OWNS vs FFUT | |
| DoubleLine Commodity Strategy ETF | -0.30 | -0.20 | -0.20 | 52 | Commodities | OWNS vs DCMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OWNS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OWNS and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of 0.11, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | 0.11 | 0.20 | 0.20 | 73 | Utilities |
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