Looking to diversify beyond OIH? The ETFs below have the lowest correlation with OIH — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OIH.
Best Diversifiers for OIH
1128 ETFs have low correlation with OIH (below 0.3), 171 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.20 | — | — | 99 | Ultrashort Bond | OIH vs WEEK | |
| Franklin Short Duration U.S. Government ETF | -0.16 | -0.08 | -0.06 | 96 | Mortgage Backed Securities | OIH vs FTSD | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.14 | -0.03 | — | 71 | Municipal Bonds | OIH vs BSMW | |
| FlexShares Ultra-Short Income ETF | -0.14 | -0.03 | 0.00 | 99 | Ultrashort Bond | OIH vs RAVI | |
| Obra Opportunistic Structured Products ETF | -0.14 | -0.10 | -0.10 | 84 | Multisector Bonds | OIH vs OOSP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OIH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OIH and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hamilton Insurance Group Ltd. | -0.01 | — | — | 96 | Financial Services | |
| Eli Lilly and Company | 0.00 | 0.04 | 0.06 | 80 | Healthcare | |
| Royalty Pharma plc | 0.01 | 0.11 | 0.18 | 96 | Healthcare | |
| Nebius Group N.V. | 0.05 | — | — | 96 | Communication Services | |
| Robinhood Markets, Inc. | 0.05 | 0.18 | — | 52 | Financial Services |
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Build a portfolio that complements OIH
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