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
15 ETFs have low correlation with OHI (below 0.3), 8 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 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.22 | -0.01 | 0.14 | 77 | Technology Equities | OHI vs FTEC | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.16 | 0.02 | — | 76 | Nasdaq-100, Derivative Income | OHI vs JEPQ | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.13 | 0.25 | 74 | S&P 500 | OHI vs SPY | |
| iShares Core S&P 500 ETF | -0.10 | 0.13 | 0.25 | 74 | S&P 500 | OHI vs IVV | |
| Vanguard S&P 500 ETF | -0.10 | 0.13 | 0.26 | 74 | 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.19, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.19 | -0.03 | 0.11 | 62 | Consumer Cyclical | |
| Dow Inc. | -0.17 | 0.05 | 0.17 | 59 | Basic Materials | |
| Cisco Systems, Inc. | -0.14 | 0.07 | 0.18 | 96 | Technology | |
| Apache Corporation | -0.11 | -0.01 | 0.10 | 91 | Energy | |
| NVIDIA Corporation | -0.10 | -0.07 | 0.06 | 80 | Technology |
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