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
1584 ETFs have low correlation with USO (below 0.3), 1518 of which are negatively correlated. The least correlated is Avantis Credit ETF (AVGB) (Global Bonds) with a 1Y correlation of -0.46, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.46 | -0.43 | -0.43 | 52 | Global Bonds | USO vs AVGB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | -0.41 | -0.41 | 70 | Multisector Bonds | USO vs AGGA | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.43 | -0.15 | -0.05 | 62 | Emerging Markets Bonds | USO vs EMB | |
| iShares ESG Aware Conservative Allocation ETF | -0.43 | -0.16 | -0.04 | 66 | Diversified Portfolio | USO vs EAOK | |
| Xtrackers Low Beta High Yield Bond ETF | -0.42 | -0.11 | 0.02 | 61 | High Yield Bonds | USO vs HYDW |
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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 ASML Holding N.V. (ASML) (Technology) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ASML Holding N.V. | -0.33 | -0.09 | 0.01 | 94 | Technology | |
| HSBC Holdings plc | -0.32 | -0.07 | 0.06 | 90 | Financial Services | |
| Ford Motor Company | -0.32 | -0.03 | 0.09 | 81 | Consumer Cyclical | |
| Lam Research Corporation | -0.31 | -0.07 | 0.02 | 98 | Technology | |
| Brookfield Corp | -0.31 | -0.06 | 0.08 | 58 | Financial Services |
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