Looking to diversify beyond VONV? The ETFs below have historically moved differently from VONV, 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 VONV
226 ETFs have low correlation with VONV (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.32 | — | 51 | Cryptocurrency | VONV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 69 | Derivative Income | VONV vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.13 | 66 | Oil & Gas | VONV vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.21 | -0.13 | -0.05 | 51 | Nontraditional Bonds | VONV vs RISR | |
| Invesco DB Oil Fund | -0.21 | -0.03 | 0.13 | 51 | Oil & Gas | VONV vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VONV, 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 Ellington Financial Inc. (EFC) (Real Estate) with a 1Y correlation of 0.34, down from 0.58 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ellington Financial Inc. | 0.34 | 0.54 | 0.58 | 71 | Real Estate |
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