Looking to diversify beyond VGIT? The ETFs below have historically moved differently from VGIT, 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 VGIT
1156 ETFs have low correlation with VGIT (below 0.3), 113 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.51 | -0.53 | 56 | Leveraged Currency | VGIT vs YCS | |
| Invesco DB Energy Fund | -0.42 | -0.26 | -0.17 | 72 | Oil & Gas | VGIT vs DBE | |
| United States Gasoline Fund, LP | -0.42 | -0.25 | -0.16 | 87 | Oil & Gas | VGIT vs UGA | |
| United States Oil Fund LP | -0.42 | -0.25 | -0.17 | 55 | Oil & Gas | VGIT vs USO | |
| Invesco DB Oil Fund | -0.41 | -0.24 | -0.17 | 58 | Oil & Gas | VGIT vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGIT, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.31, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.31 | -0.18 | -0.16 | 72 | Energy | |
| Devon Energy Corporation | -0.31 | -0.16 | -0.14 | 76 | Energy | |
| Chevron Corporation | -0.30 | -0.15 | -0.14 | 80 | Energy | |
| Exxon Mobil Corporation | -0.29 | -0.13 | -0.14 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.27 | -0.12 | -0.12 | 70 | Energy |
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