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
226 ETFs have low correlation with VWO (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.20 | -0.16 | 63 | Leveraged Currency | VWO vs YCS | |
| United States Gasoline Fund LP | -0.24 | 0.00 | 0.10 | 55 | Oil & Gas | VWO vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | — | — | 98 | Inflation-Protected Bonds | VWO vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | VWO vs USFR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 95 | Inflation-Protected Bonds | VWO vs IBID |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.17, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.17 | -0.01 | 0.13 | 69 | Financial Services | |
| Altria Group, Inc. | -0.16 | 0.01 | 0.08 | 72 | Consumer Defensive | |
| Duke Energy Corporation | -0.14 | 0.01 | 0.04 | 62 | Utilities | |
| Exxon Mobil Corporation | -0.14 | 0.08 | 0.19 | 72 | Energy | |
| Plains All American Pipeline, L.P. | -0.12 | 0.15 | 0.26 | 80 | Energy |
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