Looking to balance out your exposure to OHI? The ETFs below have historically moved differently from OHI, 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 OHI
38 ETFs have low correlation with OHI (below 0.3), 28 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.26, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.26 | -0.05 | 0.11 | 59 | Technology Equities | OHI vs FTEC | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.23 | -0.02 | — | 60 | Nasdaq-100, Derivative Income | OHI vs JEPQ | |
| Goldman Sachs Nasdaq-100 Core Premium Income ETF | -0.22 | — | — | 65 | Nasdaq-100, Dividend | OHI vs GPIQ | |
| iShares MSCI Emerging Markets ex China ETF | -0.19 | 0.04 | 0.16 | 75 | Emerging Markets Equities | OHI vs EMXC | |
| iShares Core S&P 500 ETF | -0.18 | 0.09 | 0.23 | 72 | S&P 500 | OHI vs IVV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OHI, 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 Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.19, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.19 | -0.05 | 0.07 | 69 | Technology | |
| Cisco Systems, Inc. | -0.18 | 0.04 | 0.15 | 94 | Technology | |
| UOL Group Ltd ADR | -0.16 | 0.05 | 0.07 | 82 | Real Estate | |
| Amazon.com, Inc | -0.16 | -0.02 | 0.09 | 70 | Consumer Cyclical | |
| ASE Technology Holding Co., Ltd. | -0.14 | -0.02 | 0.08 | 98 | Technology |
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