Looking to diversify beyond TOPT? The ETFs below have the lowest correlation with TOPT — 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 TOPT.
Best Diversifiers for TOPT
365 ETFs have low correlation with TOPT (below 0.3), 91 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | — | — | 66 | Oil & Gas | TOPT vs USO | |
| Invesco DB Energy Fund | -0.31 | — | — | 71 | Oil & Gas | TOPT vs DBE | |
| United States Brent Oil Fund LP | -0.31 | — | — | 65 | Oil & Gas | TOPT vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 55 | Derivative Income | TOPT vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | — | — | 55 | Oil & Gas | TOPT vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TOPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TOPT and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.24, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.24 | -0.21 | -0.21 | 57 | Utilities | |
| Exxon Mobil Corporation | -0.21 | -0.07 | -0.07 | 86 | Energy | |
| Chevron Corporation | -0.21 | -0.08 | -0.08 | 84 | Energy | |
| The Southern Company | -0.19 | -0.19 | -0.19 | 52 | Utilities | |
| ConocoPhillips Company | -0.19 | -0.04 | -0.04 | 78 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements TOPT
Add TOPT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with TOPT