Looking to diversify beyond VOO? The ETFs below have historically moved differently from VOO, 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 VOO
287 ETFs have low correlation with VOO (below 0.3), 63 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.48 | — | — | 58 | Derivative Income | VOO vs WNTR | |
| Invesco DB Energy Fund | -0.31 | -0.09 | 0.06 | 54 | Oil & Gas | VOO vs DBE | |
| United States Gasoline Fund, LP | -0.24 | -0.06 | 0.06 | 72 | Oil & Gas | VOO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | -0.06 | -0.06 | 98 | Inflation-Protected Bonds | VOO vs IBIC | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.01 | 0.12 | 51 | Commodities | VOO vs GSG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VOO, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.35, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.35 | -0.10 | 0.08 | 56 | Utilities | |
| New Jersey Resources Corporation | -0.29 | 0.05 | 0.21 | 79 | Utilities | |
| Altria Group, Inc. | -0.29 | -0.04 | 0.11 | 63 | Consumer Defensive | |
| Equinor ASA | -0.28 | 0.00 | 0.12 | 82 | Energy | |
| EOG Resources, Inc. | -0.24 | 0.04 | 0.19 | 61 | Energy |
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