Looking to diversify beyond THRO? The ETFs below have the lowest correlation with THRO — 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 THRO.
Best Diversifiers for THRO
303 ETFs have low correlation with THRO (below 0.3), 80 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.07 | — | 71 | Oil & Gas | THRO vs DBE | |
| United States Oil Fund LP | -0.34 | -0.07 | — | 66 | Oil & Gas | THRO vs USO | |
| United States Brent Oil Fund LP | -0.33 | -0.07 | — | 65 | Oil & Gas | THRO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 55 | Derivative Income | THRO vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.04 | — | 55 | Oil & Gas | THRO vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THRO and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of 0.60, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | 0.60 | 0.63 | 0.66 | 95 | Technology | |
| NVIDIA Corporation | 0.60 | 0.66 | 0.72 | 80 | Technology |
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