Looking to diversify beyond VOO? The ETFs below have the lowest correlation with VOO — 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 VOO.
Best Diversifiers for VOO
291 ETFs have low correlation with VOO (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.07 | 0.09 | 71 | Oil & Gas | VOO vs DBE | |
| United States Oil Fund LP | -0.33 | -0.07 | 0.07 | 66 | Oil & Gas | VOO vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.06 | 0.07 | 65 | Oil & Gas | VOO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | VOO vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.29 | -0.04 | 0.10 | 55 | Oil & Gas | VOO vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VOO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VOO and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.24, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.24 | 0.05 | 0.15 | 82 | Energy | |
| Altria Group, Inc. | -0.21 | 0.02 | 0.15 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.17 | -0.01 | 0.14 | 53 | Utilities | |
| Exxon Mobil Corporation | -0.17 | 0.05 | 0.22 | 85 | Energy | |
| Chevron Corporation | -0.15 | 0.09 | 0.25 | 83 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements VOO
Add VOO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with VOO