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
1428 ETFs have low correlation with USO (below 0.3), 1368 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Avantis Credit ETF | -0.48 | — | — | 57 | Global Bonds | USO vs AVGB | |
| Astoria Dynamic Core US Fixed Income ETF | -0.43 | — | — | 71 | Multisector Bonds | USO vs AGGA | |
| Vanguard Emerging Markets Government Bond ETF | -0.43 | -0.16 | -0.06 | 61 | Emerging Markets Bonds | USO vs VWOB | |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.42 | -0.15 | -0.05 | 63 | Emerging Markets Bonds | USO vs EMB | |
| iShares Yield Optimized Bond ETF | -0.42 | -0.17 | -0.09 | 56 | Intermediate Core-Plus Bond | USO vs BYLD |
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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 HSBC Holdings plc (HSBC) (Financial Services) with a 1Y correlation of -0.31, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HSBC Holdings plc | -0.31 | -0.07 | 0.06 | 90 | Financial Services | |
| Rolls-Royce Holdings plc | -0.30 | -0.09 | 0.05 | 78 | Industrials | |
| ASML Holding N.V. | -0.30 | -0.08 | 0.01 | 93 | Technology | |
| Ford Motor Company | -0.28 | -0.02 | 0.09 | 71 | Consumer Cyclical | |
| The Bank of Nova Scotia | -0.28 | -0.10 | 0.09 | 96 | Financial Services |
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