Looking to diversify beyond OZEM? The ETFs below have historically moved differently from OZEM, 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 OZEM
416 ETFs have low correlation with OZEM (below 0.3), 44 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | — | — | 72 | Oil & Gas | OZEM vs DBE | |
| Invesco DB Oil Fund | -0.29 | — | — | 58 | Oil & Gas | OZEM vs DBO | |
| United States Brent Oil Fund LP | -0.29 | — | — | 52 | Oil & Gas | OZEM vs BNO | |
| ProShares Short Bitcoin ETF | -0.27 | — | — | 61 | Cryptocurrency | OZEM vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.24 | — | — | 67 | Commodities | OZEM vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OZEM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.04 | — | — | 62 | Consumer Defensive | |
| American Healthcare REIT, Inc. | 0.06 | — | — | 89 | Real Estate | |
| Monster Beverage Corporation | 0.09 | — | — | 94 | Consumer Defensive | |
| Eli Lilly and Company | 0.58 | 0.63 | 0.63 | 83 | Healthcare |
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