Looking to balance out your exposure to OHI? The ETFs below have the lowest correlation with OHI — they tend to move on their own, which can help reduce risk when OHI drops. The stock ideas table highlights individual companies that behave independently from OHI.
Best Diversifiers for OHI
16 ETFs have low correlation with OHI (below 0.3), 10 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.22, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.22 | -0.02 | 0.13 | 61 | Technology Equities | OHI vs FTEC | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.17 | 0.01 | — | 68 | Nasdaq-100, Derivative Income | OHI vs JEPQ | |
| Vanguard Total Stock Market ETF | -0.12 | 0.12 | 0.26 | 64 | Large Cap Blend Equities | OHI vs VTI | |
| State Street SPDR S&P 500 ETF | -0.12 | 0.11 | 0.24 | 63 | S&P 500 | OHI vs SPY | |
| Vanguard S&P 500 ETF | -0.12 | 0.11 | 0.24 | 63 | S&P 500 | OHI vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OHI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OHI and solid risk/return profiles. The least correlated is Dow Inc. (DOW) (Basic Materials) with a 1Y correlation of -0.15, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dow Inc. | -0.15 | 0.04 | 0.16 | 53 | Basic Materials | |
| Cisco Systems, Inc. | -0.15 | 0.06 | 0.17 | 93 | Technology | |
| NVIDIA Corporation | -0.13 | -0.07 | 0.05 | 66 | Technology | |
| Broadcom Inc. | -0.12 | -0.01 | 0.09 | 71 | Technology | |
| Apache Corporation | -0.11 | -0.02 | 0.09 | 88 | Energy |
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Build a portfolio that complements OHI
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