Looking to balance out your exposure to OFS? The ETFs below have the lowest correlation with OFS — they tend to move on their own, which can help reduce risk when OFS drops. The stock ideas table highlights individual companies that behave independently from OFS.
Best Diversifiers for OFS
3 ETFs have low correlation with OFS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.11 | 0.15 | 0.24 | 73 | Large Cap Blend Equities | OFS vs VTI | |
| VanEck Vectors Oil Services ETF | 0.11 | 0.14 | 0.23 | 91 | Energy Equities | OFS vs OIH | |
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.17 | 0.25 | 85 | Dividend | OFS vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OFS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OFS and solid risk/return profiles. The least correlated is Alliance Resource Partners, L.P. (ARLP) (Energy) with a 1Y correlation of 0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alliance Resource Partners, L.P. | 0.01 | 0.09 | 0.15 | 54 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.15 | 0.10 | 0.16 | 76 | Industrials | |
| Trinity Capital Inc. | 0.28 | 0.25 | 0.22 | 83 | Financial Services | |
| Capital Southwest Corporation | 0.33 | 0.29 | 0.32 | 78 | Financial Services |
Build a portfolio that complements OFS
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