Looking to diversify beyond ROE? The ETFs below have the lowest correlation with ROE — 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 ROE.
Best Diversifiers for ROE
190 ETFs have low correlation with ROE (below 0.3), 31 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 -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.28 | -0.06 | -0.06 | 71 | Oil & Gas | ROE vs DBE | |
| United States Brent Oil Fund LP | -0.26 | -0.05 | -0.05 | 65 | Oil & Gas | ROE vs BNO | |
| Invesco DB Oil Fund | -0.24 | — | — | 65 | Oil & Gas | ROE vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.04 | -0.04 | 98 | Inflation-Protected Bonds | ROE vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.18 | 0.02 | 0.02 | 72 | Commodities | ROE vs COMT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ROE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ROE and solid risk/return profiles. The least correlated is Osisko Gold Royalties Ltd (OR) (Basic Materials) with a 1Y correlation of 0.25, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Osisko Gold Royalties Ltd | 0.25 | 0.25 | 0.25 | 65 | Basic Materials |
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