Looking to balance out your exposure to OBT? The ETFs below have historically moved differently from OBT, 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 OBT
1 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 0.26, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.32 | 0.22 | 67 | S&P 500 | OBT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OBT, 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 Sabine Royalty Trust (SBR) (Energy) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sabine Royalty Trust | -0.01 | 0.12 | 0.06 | 64 | Energy | |
| NVIDIA Corporation | 0.00 | 0.09 | 0.09 | 56 | Technology | |
| Lantheus Holdings, Inc. | 0.01 | 0.10 | 0.07 | 70 | Healthcare | |
| Quanta Services, Inc. | 0.06 | 0.18 | 0.12 | 85 | Industrials | |
| UnitedHealth Group Incorporated | 0.08 | 0.03 | 0.03 | 86 | Healthcare |
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