Looking to diversify beyond VWO? The ETFs below have the lowest correlation with VWO — 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 VWO.
Best Diversifiers for VWO
312 ETFs have low correlation with VWO (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, down from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.31 | -0.34 | 52 | Cryptocurrency | VWO vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | -0.38 | -0.38 | 70 | Inverse Equities, Leveraged Equities | VWO vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | — | — | 73 | Derivative Income | VWO vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.01 | 0.11 | 57 | Oil & Gas | VWO vs DBE | |
| ProShares UltraShort Yen | -0.25 | -0.18 | -0.16 | 73 | Leveraged Currency | VWO vs YCS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VWO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VWO and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.31, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.31 | -0.09 | 0.04 | 56 | Industrials | |
| Altria Group, Inc. | -0.23 | -0.04 | 0.06 | 80 | Consumer Defensive | |
| Chubb Limited | -0.23 | -0.03 | 0.11 | 82 | Financial Services | |
| Duke Energy Corporation | -0.21 | -0.02 | 0.03 | 64 | Utilities | |
| Occidental Petroleum Corporation | -0.17 | 0.07 | 0.19 | 67 | Energy |
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