Looking to balance out your exposure to ODC? The ETFs below have the lowest correlation with ODC — they tend to move on their own, which can help reduce risk when ODC drops. The stock ideas table highlights individual companies that behave independently from ODC.
Best Diversifiers for ODC
3 ETFs have low correlation with ODC (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.00, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.00 | -0.02 | 0.03 | 100 | Ultrashort Bond | ODC vs SGOV | |
| Vanguard S&P 500 ETF | 0.15 | 0.27 | 0.25 | 70 | S&P 500 | ODC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.28 | 0.25 | 70 | S&P 500 | ODC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ODC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ODC and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.08 | 0.09 | 0.10 | 59 | Communication Services | |
| NVIDIA Corporation | -0.04 | 0.12 | 0.14 | 66 | Technology | |
| The Charles Schwab Corporation | -0.04 | 0.17 | 0.16 | 60 | Financial Services | |
| Interactive Brokers Group, Inc. | 0.02 | 0.12 | 0.12 | 86 | Financial Services | |
| Newmont Corporation | 0.03 | 0.09 | 0.07 | 80 | Basic Materials |
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