Looking to diversify beyond ODTE? The ETFs below have the lowest correlation with ODTE — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from ODTE.
Best Diversifiers for ODTE
0 ETFs have low correlation with ODTE (below 0.3), 0 of which are negatively correlated. The least correlated is Main Buywrite ETF (BUYW) (Derivative Income) with a 1Y correlation of 0.35, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Main Buywrite ETF | 0.35 | 0.35 | 0.35 | 73 | Derivative Income | ODTE vs BUYW | |
| Invesco S&P 500 BuyWrite ETF | 0.62 | 0.62 | 0.62 | 81 | Derivative Income, S&P 500 | ODTE vs PBP | |
| iShares S&P 500 BuyWrite ETF | 0.70 | — | — | 80 | Derivative Income, S&P 500 | ODTE vs IVVW | |
| FT Vest High Yield & Target Income ETF | 0.73 | — | — | 57 | Derivative Income | ODTE vs HYTI | |
| Parametric Equity Plus ETF | 0.93 | 0.93 | 0.93 | 69 | Derivative Income | ODTE vs PEPS |
Diversification Analysis
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