Looking to diversify beyond VTEB? The ETFs below have historically moved differently from VTEB, 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 VTEB
923 ETFs have low correlation with VTEB (below 0.3), 96 of which are negatively correlated. The least correlated is Invesco DB Oil Fund (DBO) (Oil & Gas) with a 1Y correlation of -0.39, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Oil Fund | -0.39 | -0.19 | -0.11 | 51 | Oil & Gas | VTEB vs DBO | |
| Invesco DB Energy Fund | -0.38 | -0.19 | -0.11 | 66 | Oil & Gas | VTEB vs DBE | |
| MicroSectors Energy 3X Leveraged ETN | -0.35 | -0.11 | — | 55 | Leveraged Equities | VTEB vs WTIU | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.34 | -0.14 | -0.08 | 61 | Commodities | VTEB vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.34 | -0.14 | -0.07 | 68 | Commodities | VTEB vs DBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTEB, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.34, down from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.34 | -0.12 | -0.08 | 68 | Energy | |
| Exxon Mobil Corporation | -0.32 | -0.09 | -0.09 | 85 | Energy | |
| Devon Energy Corporation | -0.31 | -0.10 | -0.08 | 78 | Energy | |
| ConocoPhillips Company | -0.30 | -0.11 | -0.09 | 73 | Energy | |
| Chevron Corporation | -0.28 | -0.08 | -0.07 | 79 | Energy |
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