Looking to balance out your exposure to ODP? The ETFs below have the lowest correlation with ODP — they tend to move on their own, which can help reduce risk when ODP drops. The stock ideas table highlights individual companies that behave independently from ODP.
Best Diversifiers for ODP
2 ETFs have low correlation with ODP (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.23, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.23 | 0.30 | 0.41 | 74 | S&P 500 | ODP vs VOO | |
| Vanguard Total Stock Market ETF | 0.25 | 0.32 | 0.43 | 73 | Large Cap Blend Equities | ODP vs VTI |
Diversification Analysis
Build a portfolio that complements ODP
Add ODP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
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