Looking to balance out your exposure to OBT? The ETFs below have the lowest correlation with OBT — they tend to move on their own, which can help reduce risk when OBT drops. The stock ideas table highlights individual companies that behave independently from OBT.
Best Diversifiers for OBT
0 ETFs have low correlation with OBT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.33, up from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.32 | 0.22 | 70 | S&P 500 | OBT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OBT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OBT and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.04, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.04 | 0.10 | 0.10 | 78 | Technology | |
| UnitedHealth Group Incorporated | 0.07 | 0.02 | 0.03 | 61 | Healthcare | |
| Lantheus Holdings, Inc. | 0.08 | 0.12 | 0.08 | 57 | Healthcare | |
| Eli Lilly and Company | 0.11 | 0.06 | 0.03 | 72 | Healthcare | |
| Quanta Services, Inc. | 0.15 | 0.21 | 0.14 | 93 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OBT
Add OBT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OBT