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
1146 ETFs have low correlation with OIH (below 0.3), 152 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.21 | — | — | 99 | Ultrashort Bond | OIH vs WEEK | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.17 | -0.03 | — | 64 | Municipal Bonds | OIH vs BSMW | |
| Obra Opportunistic Structured Products ETF | -0.16 | — | — | 72 | Multisector Bonds | OIH vs OOSP | |
| FlexShares Ultra-Short Income ETF | -0.14 | -0.03 | 0.01 | 99 | Ultrashort Bond | OIH vs RAVI | |
| JPMorgan Limited Duration Bond ETF | -0.14 | -0.07 | -0.07 | 90 | Short-Term Bond | OIH vs JPLD |
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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. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.00, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.00 | 0.04 | 0.07 | 75 | Healthcare | |
| Nebius Group N.V. | 0.04 | 0.14 | 0.14 | 96 | Communication Services | |
| Broadcom Inc. | 0.08 | 0.17 | 0.22 | 75 | Technology | |
| Robinhood Markets, Inc. | 0.08 | 0.17 | 0.19 | 57 | Financial Services | |
| NVIDIA Corporation | 0.10 | 0.15 | 0.21 | 76 | Technology |
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