Looking to balance out your exposure to OII? The ETFs below have the lowest correlation with OII — they tend to move on their own, which can help reduce risk when OII drops. The stock ideas table highlights individual companies that behave independently from OII.
Best Diversifiers for OII
1 ETFs have low correlation with OII (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.26, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.26 | 0.32 | 0.35 | 70 | S&P 500 | OII vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.41 | 0.43 | 0.44 | 80 | Dividend | OII vs SCHD | |
| State Street Energy Select Sector SPDR ETF | 0.49 | 0.60 | 0.69 | 63 | Energy Equities | OII vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OII and solid risk/return profiles. The least correlated is Lantheus Holdings, Inc. (LNTH) (Healthcare) with a 1Y correlation of 0.04, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lantheus Holdings, Inc. | 0.04 | 0.14 | 0.20 | 57 | Healthcare | |
| SSR Mining Inc. | 0.12 | 0.16 | 0.19 | 86 | Basic Materials | |
| Sibanye Stillwater Limited | 0.16 | 0.24 | 0.29 | 72 | Basic Materials | |
| Napco Security Technologies, Inc. | 0.17 | 0.22 | 0.20 | 62 | Industrials | |
| DHT Holdings, Inc. | 0.19 | 0.27 | 0.33 | 82 | Energy |
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