Looking to balance out your exposure to OIS? The ETFs below have the lowest correlation with OIS — they tend to move on their own, which can help reduce risk when OIS drops. The stock ideas table highlights individual companies that behave independently from OIS.
Best Diversifiers for OIS
1 ETFs have low correlation with OIS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.22, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.27 | 0.32 | 65 | S&P 500 | OIS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OIS and solid risk/return profiles. The least correlated is Colgate-Palmolive Company (CL) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Colgate-Palmolive Company | -0.03 | -0.04 | -0.01 | 56 | Consumer Defensive | |
| Johnson & Johnson | 0.01 | 0.04 | 0.04 | 96 | Healthcare | |
| PepsiCo, Inc. | 0.01 | 0.04 | 0.04 | 53 | Consumer Defensive | |
| The Southern Company | 0.02 | 0.05 | 0.09 | 56 | Utilities | |
| Praxis Precision Medicines, Inc. | 0.02 | 0.09 | 0.11 | 98 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OIS
Add OIS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OIS