Looking to diversify beyond VOOV? The ETFs below have historically moved differently from VOOV, 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 VOOV
263 ETFs have low correlation with VOOV (below 0.3), 39 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 | -0.36 | — | — | 69 | Derivative Income | VOOV vs WNTR | |
| ProShares Short Bitcoin ETF | -0.35 | -0.30 | — | 51 | Cryptocurrency | VOOV vs BITI | |
| Invesco DB Energy Fund | -0.27 | -0.09 | 0.10 | 66 | Oil & Gas | VOOV vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.07 | 0.10 | 51 | Oil & Gas | VOOV vs DBO | |
| United States Gasoline Fund, LP | -0.20 | -0.06 | 0.10 | 83 | Oil & Gas | VOOV vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VOOV, 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of -0.03, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | -0.03 | 0.19 | 0.22 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.03 | 0.21 | 0.32 | 68 | Energy | |
| Chevron Corporation | -0.00 | 0.26 | 0.37 | 79 | Energy | |
| BP p.l.c. | -0.00 | 0.18 | 0.33 | 83 | Energy | |
| Exxon Mobil Corporation | 0.00 | 0.25 | 0.36 | 85 | Energy |
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