Looking to balance out your exposure to ODFL? The ETFs below have the lowest correlation with ODFL — they tend to move on their own, which can help reduce risk when ODFL drops. The stock ideas table highlights individual companies that behave independently from ODFL.
Best Diversifiers for ODFL
10 ETFs have low correlation with ODFL (below 0.3), 0 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.06 | 0.21 | 0.37 | 90 | Leveraged Equities, Semiconductors | ODFL vs USD | |
| ProShares Ultra Technology | 0.17 | 0.31 | 0.44 | 83 | Leveraged Equities | ODFL vs ROM | |
| Direxion Daily Technology Bull 3X Shares | 0.17 | 0.31 | 0.45 | 85 | Leveraged Equities, Technology Equities | ODFL vs TECL | |
| Vanguard Information Technology ETF | 0.19 | 0.33 | 0.46 | 76 | Technology Equities | ODFL vs VGT | |
| iShares Expanded Tech Sector ETF | 0.19 | 0.32 | 0.45 | 79 | Technology Equities | ODFL vs IGM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ODFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ODFL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.07 | 0.12 | 69 | Consumer Defensive | |
| Broadcom Inc. | -0.04 | 0.18 | 0.31 | 84 | Technology | |
| NVIDIA Corporation | -0.03 | 0.14 | 0.31 | 78 | Technology | |
| Nutrien Ltd. | -0.02 | 0.11 | 0.18 | 58 | Basic Materials | |
| Vertiv Holdings Co. | 0.01 | 0.19 | 0.31 | 94 | Industrials |
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