Looking to balance out your exposure to OIA? The ETFs below have the lowest correlation with OIA — they tend to move on their own, which can help reduce risk when OIA drops. The stock ideas table highlights individual companies that behave independently from OIA.
No Diversifiers Found for OIA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OIA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OIA and solid risk/return profiles. The least correlated is Nuveen Quality Municipal Income Fund (NAD) (Financial Services) with a 1Y correlation of 0.50, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen Quality Municipal Income Fund | 0.50 | 0.52 | 0.46 | 73 | Financial Services |
Build a portfolio that complements OIA
Add OIA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OIA