Looking to diversify beyond OIH? The ETFs below have historically moved differently from OIH, 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 OIH
1191 ETFs have low correlation with OIH (below 0.3), 161 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.22 | — | — | 99 | Ultrashort Bond | OIH vs WEEK | |
| Franklin Short Duration U.S. Government ETF | -0.17 | -0.09 | -0.06 | 96 | Mortgage Backed Securities | OIH vs FTSD | |
| State Street Ultra Short Term Bond ETF | -0.16 | -0.08 | -0.03 | 99 | Ultrashort Bond | OIH vs ULST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.15 | — | — | 61 | Inverse Equities, Leveraged Equities | OIH vs MSTZ | |
| Alpha Architect Tail Risk ETF | -0.14 | -0.09 | — | 56 | Options Trading | OIH vs CAOS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OIH, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.01 | 0.18 | 0.32 | 61 | Financial Services | |
| Hamilton Insurance Group Ltd. | -0.01 | — | — | 96 | Financial Services | |
| Royalty Pharma plc | -0.01 | 0.10 | 0.17 | 96 | Healthcare | |
| Eli Lilly and Company | -0.01 | 0.05 | 0.06 | 83 | Healthcare | |
| Exelixis, Inc. | 0.03 | 0.12 | 0.16 | 83 | Healthcare |
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