Looking to diversify beyond VOOV? The ETFs below have the lowest correlation with VOOV — 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 VOOV.
Best Diversifiers for VOOV
294 ETFs have low correlation with VOOV (below 0.3), 42 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.05 | 0.13 | 71 | Oil & Gas | VOOV vs DBE | |
| United States Oil Fund LP | -0.22 | -0.03 | 0.12 | 66 | Oil & Gas | VOOV vs USO | |
| Invesco DB Oil Fund | -0.22 | -0.03 | 0.13 | 65 | Oil & Gas | VOOV vs DBO | |
| United States Brent Oil Fund LP | -0.21 | -0.04 | 0.11 | 65 | Oil & Gas | VOOV vs BNO | |
| United States 12 Month Oil Fund LP | -0.21 | -0.02 | 0.14 | 56 | Oil & Gas | VOOV vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VOOV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VOOV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.00 | 0.26 | 0.34 | 69 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | 0.03 | 0.19 | 0.22 | 86 | Energy | |
| BP p.l.c. | 0.07 | 0.23 | 0.33 | 87 | Energy | |
| Exxon Mobil Corporation | 0.07 | 0.28 | 0.38 | 85 | Energy | |
| Chevron Corporation | 0.08 | 0.28 | 0.37 | 83 | Energy |
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