Looking to diversify beyond VWOB? The ETFs below have historically moved differently from VWOB, 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 VWOB
248 ETFs have low correlation with VWOB (below 0.3), 94 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.44, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.44 | -0.19 | -0.05 | 72 | Oil & Gas | VWOB vs DBE | |
| United States Brent Oil Fund LP | -0.44 | -0.18 | -0.07 | 52 | Oil & Gas | VWOB vs BNO | |
| United States Oil Fund LP | -0.44 | -0.19 | -0.06 | 55 | Oil & Gas | VWOB vs USO | |
| Invesco DB Oil Fund | -0.42 | -0.17 | -0.05 | 58 | Oil & Gas | VWOB vs DBO | |
| United States Gasoline Fund LP | -0.40 | -0.15 | -0.05 | 87 | Oil & Gas | VWOB vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for VWOB, 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 -0.35, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.35 | -0.07 | 0.03 | 72 | Energy | |
| Exxon Mobil Corporation | -0.34 | -0.03 | 0.05 | 84 | Energy | |
| Occidental Petroleum Corporation | -0.32 | -0.03 | 0.06 | 70 | Energy | |
| Chevron Corporation | -0.31 | -0.03 | 0.07 | 80 | Energy | |
| Devon Energy Corporation | -0.30 | -0.01 | 0.08 | 76 | Energy |
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