Looking to balance out your exposure to OLED? The ETFs below have the lowest correlation with OLED — they tend to move on their own, which can help reduce risk when OLED drops. The stock ideas table highlights individual companies that behave independently from OLED.
Best Diversifiers for OLED
0 ETFs have low correlation with OLED (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.43, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.43 | 0.55 | 0.63 | 73 | Nasdaq-100 | OLED vs QQQ | |
| Vanguard S&P 500 ETF | 0.44 | 0.55 | 0.62 | 70 | S&P 500 | OLED vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.55 | 0.62 | 70 | S&P 500 | OLED vs SPY | |
| Vanguard Total Stock Market ETF | 0.46 | 0.57 | 0.64 | 68 | Large Cap Blend Equities | OLED vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OLED, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLED and solid risk/return profiles. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of 0.16, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | 0.16 | 0.22 | 0.26 | 93 | Industrials | |
| United Therapeutics Corporation | 0.18 | 0.14 | 0.15 | 86 | Healthcare | |
| Tidewater Inc. | 0.19 | 0.27 | 0.22 | 79 | Energy | |
| Fortinet, Inc. | 0.21 | 0.24 | 0.39 | 66 | Technology | |
| Broadcom Inc. | 0.23 | 0.41 | 0.49 | 84 | Technology |
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