Looking to diversify beyond VONV? The ETFs below have the lowest correlation with VONV — 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 VONV.
Best Diversifiers for VONV
258 ETFs have low correlation with VONV (below 0.3), 44 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.01 | 0.15 | 71 | Oil & Gas | VONV vs DBE | |
| United States Oil Fund LP | -0.23 | -0.00 | 0.15 | 66 | Oil & Gas | VONV vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.01 | 0.14 | 65 | Oil & Gas | VONV vs BNO | |
| United States 12 Month Oil Fund LP | -0.23 | 0.02 | 0.17 | 56 | Oil & Gas | VONV vs USL | |
| United States Gasoline Fund LP | -0.22 | 0.01 | 0.14 | 69 | Oil & Gas | VONV vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VONV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VONV and solid risk/return profiles. The least correlated is International Business Machines Corporation (IBM) (Technology) with a 1Y correlation of 0.32, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| International Business Machines Corporation | 0.32 | 0.45 | 0.53 | 53 | Technology | |
| Ellington Financial Inc. | 0.39 | 0.56 | 0.59 | 69 | Real Estate |
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