Looking to diversify beyond OBOR? The ETFs below have the lowest correlation with OBOR — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OBOR.
Best Diversifiers for OBOR
300 ETFs have low correlation with OBOR (below 0.3), 24 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.23 | -0.27 | 57 | Cryptocurrency | OBOR vs BITI | |
| Invesco DB Energy Fund | -0.18 | 0.03 | 0.13 | 53 | Oil & Gas | OBOR vs DBE | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | OBOR vs ACLO | |
| Alerian Energy Infrastructure ETF | -0.12 | 0.18 | 0.32 | 77 | Energy Equities | OBOR vs ENFR | |
| Alerian MLP ETF | -0.11 | 0.17 | 0.28 | 54 | MLPs | OBOR vs AMLP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OBOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OBOR and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nebius Group N.V. | 0.14 | — | — | 96 | Communication Services |
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