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
270 ETFs have low correlation with VO (below 0.3), 45 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.03 | 0.12 | 71 | Oil & Gas | VO vs DBE | |
| United States Oil Fund LP | -0.25 | -0.02 | 0.11 | 66 | Oil & Gas | VO vs USO | |
| United States 12 Month Oil Fund LP | -0.23 | -0.01 | 0.13 | 56 | Oil & Gas | VO vs USL | |
| United States Brent Oil Fund LP | -0.23 | -0.01 | 0.11 | 65 | Oil & Gas | VO vs BNO | |
| United States Gasoline Fund LP | -0.22 | -0.02 | 0.11 | 70 | Oil & Gas | VO vs UGA |
To view more results, upgrade your current subscription plan.
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 -0.08, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.15 | 0.21 | 73 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.00 | 0.22 | 0.31 | 86 | Energy | |
| BP p.l.c. | 0.00 | 0.21 | 0.30 | 89 | Energy | |
| The Coca-Cola Company | 0.00 | 0.16 | 0.27 | 62 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.02 | 0.18 | 0.20 | 88 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VO
Add VO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VO