Looking to diversify beyond VAW? The ETFs below have historically moved differently from VAW, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for VAW
279 ETFs have low correlation with VAW (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.07 | 0.12 | 72 | Oil & Gas | VAW vs DBE | |
| ProShares Short Bitcoin ETF | -0.28 | -0.25 | — | 61 | Cryptocurrency | VAW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | VAW vs SBIT | |
| United States Brent Oil Fund LP | -0.27 | -0.05 | 0.10 | 52 | Oil & Gas | VAW vs BNO | |
| United States Oil Fund LP | -0.26 | -0.06 | 0.11 | 55 | Oil & Gas | VAW vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VAW, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.01, down from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.01 | 0.22 | 0.36 | 80 | Energy | |
| Energy Transfer LP | 0.03 | 0.26 | 0.40 | 81 | Energy | |
| Phillips 66 | 0.03 | 0.28 | 0.37 | 94 | Energy | |
| Enterprise Products Partners L.P. | 0.04 | 0.27 | 0.40 | 89 | Energy | |
| NVIDIA Corporation | 0.20 | 0.24 | 0.39 | 56 | Technology |
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