Looking to diversify beyond VGLT? The ETFs below have historically moved differently from VGLT, 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 VGLT
1197 ETFs have low correlation with VGLT (below 0.3), 116 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.25 | -0.19 | 72 | Oil & Gas | VGLT vs DBE | |
| United States Oil Fund LP | -0.42 | -0.24 | -0.20 | 55 | Oil & Gas | VGLT vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.24 | -0.19 | 58 | Oil & Gas | VGLT vs DBO | |
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.20 | 52 | Oil & Gas | VGLT vs BNO | |
| United States Gasoline Fund, LP | -0.41 | -0.22 | -0.17 | 87 | Oil & Gas | VGLT vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VGLT, 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 -0.35, down from -0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.35 | -0.15 | -0.16 | 72 | Energy | |
| BP p.l.c. | -0.30 | -0.14 | -0.17 | 84 | Energy | |
| Chevron Corporation | -0.30 | -0.11 | -0.14 | 80 | Energy | |
| Devon Energy Corporation | -0.29 | -0.13 | -0.14 | 76 | Energy | |
| Exxon Mobil Corporation | -0.28 | -0.09 | -0.14 | 84 | Energy |
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