Looking to diversify beyond VO? The ETFs below have the lowest correlation with VO — 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 VO.
Best Diversifiers for VO
190 ETFs have low correlation with VO (below 0.3), 22 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.40, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | -0.43 | -0.43 | 51 | Derivative Income | VO vs WNTR | |
| United States Gasoline Fund LP | -0.21 | -0.04 | 0.10 | 60 | Oil & Gas | VO vs UGA | |
| ProShares UltraShort Yen | -0.20 | -0.08 | -0.05 | 73 | Leveraged Currency | VO vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | VO vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | VO vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | 0.13 | 0.20 | 74 | Consumer Defensive | |
| The Coca-Cola Company | -0.04 | 0.14 | 0.25 | 74 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.03 | 0.19 | 0.30 | 74 | Energy | |
| Chevron Corporation | -0.01 | 0.20 | 0.30 | 70 | Energy | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.18 | 0.20 | 75 | Energy |
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Build a portfolio that complements VO
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