Looking to balance out your exposure to ODC? The ETFs below have historically moved differently from ODC, 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 ODC
3 ETFs have low correlation with ODC (below 0.3), 1 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 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.00 | -0.03 | 0.02 | 100 | Ultrashort Bond | ODC vs SGOV | |
| Vanguard S&P 500 ETF | 0.15 | 0.28 | 0.25 | 72 | S&P 500 | ODC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.15 | 0.28 | 0.26 | 72 | S&P 500 | ODC vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ODC, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.12 | 0.14 | 59 | Technology | |
| The Charles Schwab Corporation | -0.01 | 0.17 | 0.16 | 54 | Financial Services | |
| Interactive Brokers Group, Inc. | 0.01 | 0.11 | 0.12 | 73 | Financial Services | |
| Amphenol Corporation | 0.01 | 0.21 | 0.21 | 78 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.01 | 0.14 | 0.13 | 88 | Technology |
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