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
280 ETFs have low correlation with O (below 0.3), 115 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.28, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.28 | -0.10 | 0.12 | 54 | Technology Equities | O vs IYW | |
| State Street Technology Select Sector SPDR ETF | -0.28 | -0.08 | 0.14 | 54 | Technology Equities | O vs XLK | |
| Vanguard Information Technology ETF | -0.28 | -0.08 | 0.14 | 50 | Technology Equities | O vs VGT | |
| iShares Expanded Tech Sector ETF | -0.27 | -0.09 | 0.12 | 54 | Technology Equities | O vs IGM | |
| ProShares Ultra Semiconductors | -0.26 | -0.12 | 0.07 | 60 | Leveraged Equities, Semiconductors | O vs USD |
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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 -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.27 | -0.15 | 0.03 | 63 | Technology | |
| Broadcom Inc. | -0.23 | -0.11 | 0.07 | 67 | Technology | |
| Everpure, Inc. | -0.23 | -0.12 | 0.03 | 58 | Technology | |
| AppLovin Corporation | -0.22 | -0.11 | 0.05 | 56 | Communication Services | |
| Seagate Technology plc | -0.22 | -0.00 | 0.13 | 98 | Technology |
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