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
3 ETFs have low correlation with OII (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Copper and Metals Mining ETF (ICOP) (Copper) with a 1Y correlation of 0.24, down from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Copper and Metals Mining ETF | 0.24 | 0.34 | — | 55 | Copper | OII vs ICOP | |
| Vanguard S&P 500 ETF | 0.27 | 0.32 | 0.35 | 66 | S&P 500 | OII vs VOO | |
| ProShares Nanotechnology ETF | 0.27 | 0.32 | — | 84 | Technology Equities | OII vs TINY | |
| LAFFER|TENGLER Equity Income ETF | 0.34 | — | — | 72 | Large Cap Value Equities | OII vs TGLR | |
| Schwab U.S. Dividend Equity ETF | 0.37 | 0.41 | 0.44 | 91 | Dividend | OII vs SCHD |
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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 Exelon Corporation (EXC) (Utilities) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exelon Corporation | -0.07 | 0.01 | 0.09 | 64 | Utilities | |
| Waste Management, Inc. | -0.02 | 0.02 | 0.07 | 56 | Industrials | |
| Royalty Pharma plc | -0.00 | 0.07 | 0.12 | 97 | Healthcare | |
| Exelixis, Inc. | 0.05 | 0.11 | 0.15 | 65 | Healthcare | |
| SSR Mining Inc. | 0.10 | 0.14 | 0.18 | 85 | Basic Materials |
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Build a portfolio that complements OII
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