Looking to diversify beyond SSO? The ETFs below have the lowest correlation with SSO — 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 SSO.
Best Diversifiers for SSO
281 ETFs have low correlation with SSO (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.09 | 71 | Oil & Gas | SSO vs DBE | |
| United States Oil Fund LP | -0.32 | -0.06 | 0.08 | 66 | Oil & Gas | SSO vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.08 | 65 | Oil & Gas | SSO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | -0.08 | -0.08 | 56 | Derivative Income | SSO vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.04 | 0.10 | 56 | Oil & Gas | SSO vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.19, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.19 | 0.02 | 0.14 | 67 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.15 | 0.06 | 0.20 | 85 | Energy | |
| Duke Energy Corporation | -0.14 | 0.00 | 0.12 | 52 | Utilities | |
| Chevron Corporation | -0.11 | 0.09 | 0.22 | 83 | Energy | |
| ConocoPhillips Company | -0.11 | 0.09 | 0.22 | 76 | Energy |
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Build a portfolio that complements SSO
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