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
219 ETFs have low correlation with VOO (below 0.3), 29 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.23 | -0.05 | 0.08 | 55 | Oil & Gas | VOO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | — | — | 98 | Inflation-Protected Bonds | VOO vs IBIC | |
| ProShares UltraShort Yen | -0.20 | -0.03 | -0.02 | 63 | Leveraged Currency | VOO vs YCS | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.13 | — | — | 95 | Inflation-Protected Bonds | VOO vs IBID | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | VOO vs CSHP |
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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.28 | -0.06 | 0.10 | 61 | Utilities | |
| Equinor ASA | -0.25 | 0.03 | 0.14 | 66 | Energy | |
| Altria Group, Inc. | -0.23 | -0.01 | 0.14 | 72 | Consumer Defensive | |
| New Jersey Resources Corporation | -0.20 | 0.09 | 0.24 | 84 | Utilities | |
| Duke Energy Corporation | -0.18 | -0.01 | 0.14 | 62 | Utilities |
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