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
288 ETFs have low correlation with VWO (below 0.3), 65 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.32 | -0.00 | 0.10 | 66 | Oil & Gas | VWO vs USO | |
| Invesco DB Energy Fund | -0.31 | 0.00 | 0.11 | 71 | Oil & Gas | VWO vs DBE | |
| United States Brent Oil Fund LP | -0.31 | 0.01 | 0.10 | 65 | Oil & Gas | VWO vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.31 | — | — | 56 | Derivative Income | VWO vs USOY | |
| ProShares UltraShort Yen | -0.30 | -0.20 | -0.16 | 61 | 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.03 | 0.09 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.15 | 0.01 | 0.05 | 53 | Utilities | |
| Chubb Limited | -0.15 | 0.00 | 0.13 | 51 | Financial Services | |
| Plains All American Pipeline, L.P. | -0.12 | 0.16 | 0.26 | 87 | Energy | |
| Exxon Mobil Corporation | -0.12 | 0.09 | 0.20 | 85 | Energy |
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