Looking to diversify beyond USO? The ETFs below have the lowest correlation with USO — 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 USO.
Best Diversifiers for USO
1513 ETFs have low correlation with USO (below 0.3), 1455 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.48 | — | — | 52 | Global Bonds | USO vs AVGB | |
| Neos Enhanced Income Aggregate Bond ETF | -0.43 | -0.24 | — | 51 | Intermediate Core-Plus Bond | USO vs BNDI | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 72 | Multisector Bonds | USO vs AGGA | |
| Avantis Short-Term Fixed Income ETF | -0.43 | -0.23 | -0.13 | 70 | Short-Term Bond | USO vs AVSF | |
| First Trust TCW Unconstrained Plus Bond ETF | -0.42 | -0.24 | -0.11 | 54 | Nontraditional Bonds | USO vs UCON |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from USO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to USO and solid risk/return profiles. The least correlated is Rolls-Royce Holdings plc (RYCEY) (Industrials) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings plc | -0.31 | -0.10 | 0.04 | 75 | Industrials | |
| The Bank of Nova Scotia | -0.28 | -0.11 | 0.08 | 98 | Financial Services | |
| HSBC Holdings plc | -0.28 | -0.08 | 0.05 | 93 | Financial Services | |
| Ford Motor Company | -0.27 | -0.03 | 0.09 | 66 | Consumer Cyclical | |
| Annaly Capital Management, Inc. | -0.26 | -0.08 | 0.05 | 85 | Real Estate |
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