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
325 ETFs have low correlation with VOE (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.10 | -0.06 | 61 | Leveraged Currency | VOE vs YCS | |
| Invesco DB Energy Fund | -0.17 | -0.00 | 0.16 | 71 | Oil & Gas | VOE vs DBE | |
| United States Brent Oil Fund LP | -0.15 | 0.01 | 0.14 | 65 | Oil & Gas | VOE vs BNO | |
| United States 12 Month Oil Fund LP | -0.15 | 0.01 | 0.16 | 56 | Oil & Gas | VOE vs USL | |
| United States Oil Fund LP | -0.15 | 0.01 | 0.13 | 66 | Oil & Gas | VOE vs USO |
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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 0.03, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.03 | 0.26 | 0.34 | 69 | Consumer Defensive | |
| Credo Technology Group Holding Ltd | 0.05 | 0.21 | 0.30 | 85 | Technology | |
| Petróleo Brasileiro S.A. - Petrobras | 0.07 | 0.20 | 0.24 | 86 | Energy | |
| NVIDIA Corporation | 0.08 | 0.18 | 0.35 | 78 | Technology | |
| BP p.l.c. | 0.09 | 0.25 | 0.36 | 87 | Energy |
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