Looking to diversify beyond VTES? The ETFs below have historically moved differently from VTES, 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 VTES
1357 ETFs have low correlation with VTES (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.33, roughly unchanged from -0.33 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.33 | -0.33 | — | 56 | Leveraged Currency | VTES vs YCS | |
| Bastion Energy ETF | -0.33 | — | — | 88 | Energy Equities | VTES vs BESF | |
| Invesco DB Energy Fund | -0.31 | -0.16 | — | 72 | Oil & Gas | VTES vs DBE | |
| Invesco DB Oil Fund | -0.29 | -0.15 | -0.14 | 58 | Oil & Gas | VTES vs DBO | |
| United States Brent Oil Fund LP | -0.28 | -0.15 | -0.14 | 52 | Oil & Gas | VTES vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VTES, 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 ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.25, down from -0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.25 | -0.11 | -0.11 | 72 | Energy | |
| Occidental Petroleum Corporation | -0.23 | -0.09 | -0.10 | 70 | Energy | |
| Devon Energy Corporation | -0.22 | -0.09 | -0.11 | 76 | Energy | |
| Energy Transfer LP | -0.20 | -0.03 | — | 81 | Energy | |
| Enterprise Products Partners L.P. | -0.19 | 0.03 | — | 89 | Energy |
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