Looking to diversify beyond VTEB? The ETFs below have the lowest correlation with VTEB — 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 VTEB.
Best Diversifiers for VTEB
1342 ETFs have low correlation with VTEB (below 0.3), 90 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.33 | -0.16 | -0.10 | 65 | Oil & Gas | VTEB vs DBO | |
| Invesco DB Energy Fund | -0.31 | -0.16 | -0.10 | 71 | Oil & Gas | VTEB vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.15 | -0.10 | 56 | Leveraged Commodities | VTEB vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.15 | -0.10 | 56 | Oil & Gas | VTEB vs OILK | |
| United States Gasoline Fund LP | -0.29 | -0.14 | -0.08 | 71 | Oil & Gas | VTEB vs UGA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VTEB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VTEB and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.22, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.22 | -0.02 | -0.02 | 73 | Energy | |
| ConocoPhillips Company | -0.19 | -0.07 | -0.07 | 76 | Energy | |
| Exxon Mobil Corporation | -0.15 | -0.04 | -0.07 | 85 | Energy | |
| Enterprise Products Partners L.P. | -0.15 | 0.05 | 0.04 | 86 | Energy | |
| Chevron Corporation | -0.13 | -0.03 | -0.06 | 83 | Energy |
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