Looking to diversify beyond ROBO? The ETFs below have the lowest correlation with ROBO — 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 ROBO.
Best Diversifiers for ROBO
275 ETFs have low correlation with ROBO (below 0.3), 65 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.33 | -0.05 | 0.06 | 66 | Oil & Gas | ROBO vs USO | |
| Invesco DB Energy Fund | -0.32 | -0.05 | 0.07 | 71 | Oil & Gas | ROBO vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.04 | 0.07 | 65 | Oil & Gas | ROBO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | ROBO vs USOY | |
| United States Gasoline Fund LP | -0.28 | -0.04 | 0.06 | 69 | Oil & Gas | ROBO vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROBO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROBO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.23 | -0.02 | 0.06 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.07 | 0.01 | 53 | Utilities | |
| The Coca-Cola Company | -0.18 | -0.02 | 0.12 | 66 | Consumer Defensive | |
| Chubb Limited | -0.15 | -0.01 | 0.13 | 51 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.17 | 85 | Energy |
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