Looking to diversify beyond VOE? The ETFs below have the lowest correlation with VOE — 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 VOE.
Best Diversifiers for VOE
249 ETFs have low correlation with VOE (below 0.3), 15 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.28, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | -0.32 | -0.32 | 51 | Derivative Income | VOE vs WNTR | |
| ProShares UltraShort Yen | -0.22 | -0.11 | -0.06 | 73 | Leveraged Currency | VOE vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | VOE vs USFR | |
| United States Gasoline Fund LP | -0.13 | -0.02 | 0.13 | 60 | Oil & Gas | VOE vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.09 | — | — | 99 | Ultrashort Bond | VOE vs CSHP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VOE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VOE and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.04, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.04 | 0.24 | 0.33 | 74 | Consumer Defensive | |
| Credo Technology Group Holding Ltd | 0.05 | 0.20 | 0.30 | 86 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.20 | 0.24 | 75 | Energy | |
| Palo Alto Networks, Inc. | 0.08 | 0.22 | 0.31 | 69 | Technology | |
| NVIDIA Corporation | 0.08 | 0.19 | 0.36 | 70 | Technology |
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Build a portfolio that complements VOE
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