Looking to balance out your exposure to OC? The ETFs below have the lowest correlation with OC — they tend to move on their own, which can help reduce risk when OC drops. The stock ideas table highlights individual companies that behave independently from OC.
Best Diversifiers for OC
0 ETFs have low correlation with OC (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.48, down from 0.61 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.48 | 0.56 | 0.61 | 70 | S&P 500 | OC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.48 | 0.56 | 0.62 | 70 | S&P 500 | OC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OC and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.01 | 0.12 | 0.21 | 69 | Energy | |
| Exxon Mobil Corporation | 0.01 | 0.13 | 0.22 | 85 | Energy | |
| NVIDIA Corporation | 0.05 | 0.25 | 0.35 | 78 | Technology | |
| Oracle Corporation | 0.08 | 0.28 | 0.34 | 58 | Technology | |
| Halliburton Company | 0.12 | 0.23 | 0.32 | 94 | Energy |
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