Looking to balance out your exposure to O? The ETFs below have historically moved differently from O, 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 O
300 ETFs have low correlation with O (below 0.3), 133 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.30, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.30 | -0.11 | 0.11 | 56 | Technology Equities | O vs IYW | |
| Direxion Daily Technology Bull 3X Shares | -0.30 | -0.09 | 0.13 | 53 | Leveraged Equities, Technology Equities | O vs TECL | |
| State Street Technology Select Sector SPDR ETF | -0.30 | -0.09 | 0.13 | 60 | Technology Equities | O vs XLK | |
| Vanguard Information Technology ETF | -0.29 | -0.08 | 0.13 | 57 | Technology Equities | O vs VGT | |
| iShares Global Tech ETF | -0.28 | -0.08 | 0.12 | 66 | Technology Equities | O vs IXN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for O, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.28, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.28 | -0.16 | 0.03 | 63 | Technology | |
| Broadcom Inc. | -0.25 | -0.12 | 0.07 | 70 | Technology | |
| Seagate Technology plc | -0.23 | -0.00 | 0.12 | 99 | Technology | |
| Marvell Technology, Inc. | -0.23 | -0.08 | 0.07 | 90 | Technology | |
| Everpure, Inc. | -0.22 | -0.14 | 0.02 | 67 | Technology |
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