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
314 ETFs have low correlation with VOE (below 0.3), 25 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.38, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.38 | -0.38 | -0.38 | 99 | Leveraged Equities, Semiconductors | VOE vs MUU | |
| ProShares Short Bitcoin ETF | -0.31 | -0.29 | -0.32 | 53 | Cryptocurrency | VOE vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 65 | Inverse Equities, Leveraged Equities | VOE vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | VOE vs WNTR | |
| ProShares UltraShort Yen | -0.21 | -0.11 | -0.07 | 72 | Leveraged Currency | VOE vs YCS |
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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 Credo Technology Group Holding Ltd (CRDO) (Technology) with a 1Y correlation of 0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Credo Technology Group Holding Ltd | 0.02 | 0.19 | 0.29 | 83 | Technology | |
| NVIDIA Corporation | 0.06 | 0.18 | 0.36 | 70 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.19 | 0.24 | 82 | Energy | |
| Palo Alto Networks, Inc. | 0.07 | 0.21 | 0.31 | 86 | Technology | |
| Broadcom Inc. | 0.07 | 0.20 | 0.35 | 72 | Technology |
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