Looking to diversify beyond VIOO? The ETFs below have historically moved differently from VIOO, 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 VIOO
257 ETFs have low correlation with VIOO (below 0.3), 66 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | VIOO vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.38 | -0.35 | — | 61 | Cryptocurrency | VIOO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | VIOO vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | VIOO vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.12 | — | 56 | Options Trading | VIOO vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VIOO, 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 Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.14, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.14 | 0.14 | 0.26 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.13 | 0.17 | 0.30 | 70 | Energy | |
| Chevron Corporation | -0.13 | 0.18 | 0.32 | 80 | Energy | |
| Altria Group, Inc. | -0.12 | 0.08 | 0.19 | 66 | Consumer Defensive | |
| ConocoPhillips Company | -0.10 | 0.15 | 0.27 | 72 | Energy |
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