Looking to diversify beyond VRP? The ETFs below have the lowest correlation with VRP — 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 VRP.
Best Diversifiers for VRP
316 ETFs have low correlation with VRP (below 0.3), 70 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.28, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.28 | 0.00 | 0.09 | 65 | Oil & Gas | VRP vs BNO | |
| Invesco DB Energy Fund | -0.27 | 0.00 | 0.10 | 71 | Oil & Gas | VRP vs DBE | |
| United States Oil Fund LP | -0.27 | 0.01 | 0.09 | 66 | Oil & Gas | VRP vs USO | |
| Invesco DB Oil Fund | -0.25 | 0.02 | 0.10 | 65 | Oil & Gas | VRP vs DBO | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | VRP vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VRP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VRP and solid risk/return profiles. The least correlated is Trinity Capital Inc. (TRIN) (Financial Services) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Trinity Capital Inc. | 0.25 | 0.30 | 0.29 | 83 | Financial Services | |
| Reaves Utility Income Trust | 0.27 | 0.26 | 0.34 | 79 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.33 | 0.33 | 0.37 | 64 | Financial Services |
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