Looking to diversify beyond VOE? The ETFs below have historically moved differently from VOE, 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 VOE
331 ETFs have low correlation with VOE (below 0.3), 31 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 63 | Derivative Income | VOE vs WNTR | |
| Invesco DB Energy Fund | -0.20 | -0.06 | 0.13 | 53 | Oil & Gas | VOE vs DBE | |
| ProShares UltraShort Yen | -0.17 | -0.11 | -0.07 | 59 | Leveraged Currency | VOE vs YCS | |
| United States Gasoline Fund, LP | -0.16 | -0.05 | 0.12 | 74 | Oil & Gas | VOE vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.11 | 0.02 | 0.18 | 50 | Commodities | VOE vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VOE, 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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of 0.01, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | 0.01 | 0.18 | 0.28 | 76 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.17 | 0.22 | 82 | Energy | |
| Palo Alto Networks, Inc. | 0.06 | 0.21 | 0.30 | 91 | Technology | |
| NVIDIA Corporation | 0.06 | 0.17 | 0.35 | 59 | Technology | |
| Occidental Petroleum Corporation | 0.08 | 0.25 | 0.36 | 68 | Energy |
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