Looking to diversify beyond SVOL? The ETFs below have the lowest correlation with SVOL — 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 SVOL.
Best Diversifiers for SVOL
350 ETFs have low correlation with SVOL (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 -0.20, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.20 | -0.06 | 0.06 | 71 | Oil & Gas | SVOL vs DBE | |
| United States Gasoline Fund LP | -0.20 | -0.06 | 0.08 | 69 | Oil & Gas | SVOL vs UGA | |
| United States Oil Fund LP | -0.19 | -0.07 | 0.05 | 66 | Oil & Gas | SVOL vs USO | |
| Invesco DB Oil Fund | -0.19 | -0.05 | 0.06 | 65 | Oil & Gas | SVOL vs DBO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | -0.04 | 0.07 | 55 | Oil & Gas | SVOL vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SVOL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVOL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.15, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.15 | 0.01 | 0.11 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.13 | 0.00 | 0.09 | 53 | Utilities | |
| Verizon Communications Inc. | -0.07 | 0.04 | 0.11 | 59 | Communication Services | |
| The Coca-Cola Company | -0.07 | 0.08 | 0.20 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.05 | 0.06 | 0.19 | 85 | Energy |
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