Looking to diversify beyond OZEM? The ETFs below have the lowest correlation with OZEM — 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 OZEM.
Best Diversifiers for OZEM
361 ETFs have low correlation with OZEM (below 0.3), 33 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 -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.16 | -0.16 | 53 | Oil & Gas | OZEM vs DBE | |
| ProShares Short Bitcoin ETF | -0.27 | -0.24 | -0.24 | 57 | Cryptocurrency | OZEM vs BITI | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.23 | — | — | 51 | Commodities | OZEM vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.21 | -0.06 | -0.06 | 51 | Commodities | OZEM vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.20 | -0.07 | -0.07 | 54 | Commodities | OZEM vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OZEM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OZEM and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.05 | — | — | 71 | Consumer Defensive | |
| American Healthcare REIT, Inc. | 0.05 | — | — | 90 | Real Estate | |
| Monster Beverage Corporation | 0.09 | — | — | 93 | Consumer Defensive | |
| Eli Lilly and Company | 0.59 | 0.63 | 0.63 | 80 | Healthcare |
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