Looking to balance out your exposure to O? The ETFs below have the lowest correlation with O — they tend to move on their own, which can help reduce risk when O drops. The stock ideas table highlights individual companies that behave independently from O.
Best Diversifiers for O
265 ETFs have low correlation with O (below 0.3), 97 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.24, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.24 | -0.06 | 0.15 | 58 | Technology Equities | O vs VGT | |
| ProShares Ultra Semiconductors | -0.24 | -0.10 | 0.08 | 82 | Leveraged Equities, Semiconductors | O vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.23 | -0.06 | 0.15 | 66 | Technology Equities | O vs XLK | |
| iShares U.S. Technology ETF | -0.23 | -0.07 | 0.14 | 59 | Technology Equities | O vs IYW | |
| Direxion Daily Technology Bull 3X Shares | -0.21 | -0.05 | 0.14 | 65 | Leveraged Equities, Technology Equities | O vs TECL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from O, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to O and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.26, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.26 | -0.14 | 0.04 | 72 | Technology | |
| Cloudflare, Inc. | -0.23 | -0.05 | 0.09 | 55 | Technology | |
| Datadog, Inc. | -0.20 | -0.10 | 0.08 | 73 | Technology | |
| CrowdStrike Holdings, Inc. | -0.19 | -0.10 | 0.03 | 65 | Technology | |
| Amazon.com, Inc | -0.19 | -0.11 | 0.08 | 54 | Consumer Cyclical |
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