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
298 ETFs have low correlation with O (below 0.3), 77 of which are negatively correlated. The least correlated is Direxion Daily Technology Bull 3X Shares (TECL) (Leveraged Equities) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Technology Bull 3X Shares | -0.20 | -0.04 | 0.16 | 85 | Leveraged Equities, Technology Equities | O vs TECL | |
| Vanguard Information Technology ETF | -0.20 | -0.04 | 0.17 | 76 | Technology Equities | O vs VGT | |
| State Street Technology Select Sector SPDR ETF | -0.19 | -0.04 | 0.17 | 83 | Technology Equities | O vs XLK | |
| YieldMax NVDA Option Income Strategy ETF | -0.18 | -0.10 | -0.10 | 52 | Derivative Income, Options Trading | O vs NVDY | |
| iShares U.S. Technology ETF | -0.18 | -0.06 | 0.12 | 75 | Technology Equities | O vs IYW |
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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 -0.23, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.23 | -0.13 | 0.05 | 78 | Technology | |
| Cloudflare, Inc. | -0.22 | -0.04 | 0.10 | 67 | Technology | |
| Oracle Corporation | -0.22 | -0.05 | 0.12 | 58 | Technology | |
| Datadog, Inc. | -0.17 | -0.09 | 0.09 | 81 | Technology | |
| CrowdStrike Holdings, Inc. | -0.17 | -0.09 | 0.04 | 70 | Technology |
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