Looking to balance out your exposure to ODFL? The ETFs below have historically moved differently from ODFL, 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 ODFL
11 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 0.08, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | 0.08 | 0.22 | 0.37 | 58 | Leveraged Equities, Semiconductors | ODFL vs USD | |
| ProShares Ultra Technology | 0.17 | 0.30 | 0.44 | 55 | Leveraged Equities | ODFL vs ROM | |
| Direxion Daily AAPL Bull 2X Shares | 0.18 | 0.26 | — | 74 | Leveraged Equities | ODFL vs AAPU | |
| Direxion Daily Technology Bull 3X Shares | 0.18 | 0.31 | 0.44 | 52 | Leveraged Equities, Technology Equities | ODFL vs TECL | |
| Vanguard Information Technology ETF | 0.19 | 0.32 | 0.45 | 60 | Technology Equities | ODFL vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ODFL, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.03 | 0.11 | 66 | Consumer Defensive | |
| Targa Resources Corp. | -0.03 | 0.13 | 0.23 | 93 | Energy | |
| NVIDIA Corporation | -0.01 | 0.14 | 0.32 | 61 | Technology | |
| Exxon Mobil Corporation | -0.01 | 0.11 | 0.15 | 85 | Energy | |
| Broadcom Inc. | -0.00 | 0.17 | 0.30 | 68 | Technology |
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