Looking to balance out your exposure to OCSL? The ETFs below have the lowest correlation with OCSL — they tend to move on their own, which can help reduce risk when OCSL drops. The stock ideas table highlights individual companies that behave independently from OCSL.
Best Diversifiers for OCSL
2 ETFs have low correlation with OCSL (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Treasury Floating Rate Bond ETF (TFLO) (Government Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Treasury Floating Rate Bond ETF | -0.03 | -0.01 | -0.03 | 100 | Government Bonds, Ultrashort Bond | OCSL vs TFLO | |
| Vanguard Information Technology ETF | 0.30 | 0.27 | 0.36 | 58 | Technology Equities | OCSL vs VGT | |
| Invesco QQQ ETF | 0.31 | 0.28 | 0.37 | 59 | Nasdaq-100 | OCSL vs QQQ | |
| Schwab U.S. Dividend Equity ETF | 0.31 | 0.40 | 0.46 | 77 | Dividend | OCSL vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.32 | 0.28 | — | 63 | Nasdaq-100, Derivative Income | OCSL vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OCSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OCSL and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.07, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.07 | 0.05 | 0.12 | 96 | Healthcare | |
| The Coca-Cola Company | -0.07 | 0.04 | 0.12 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.06 | 0.06 | 0.15 | 72 | Consumer Defensive | |
| AbbVie Inc. | -0.03 | 0.12 | 0.14 | 75 | Healthcare | |
| Eli Lilly and Company | -0.03 | 0.05 | 0.09 | 74 | Healthcare |
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Build a portfolio that complements OCSL
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