Looking to balance out your exposure to OLED? The ETFs below have historically moved differently from OLED, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OLED
0 ETFs have low correlation with OLED (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 0.47, down from 0.62 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.47 | 0.56 | 0.62 | 67 | S&P 500 | OLED vs SPY | |
| Vanguard S&P 500 ETF | 0.47 | 0.56 | 0.62 | 68 | S&P 500 | OLED vs VOO | |
| Vanguard Total Stock Market ETF | 0.49 | 0.58 | 0.64 | 67 | Large Cap Blend Equities | OLED vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OLED, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Strategic Education, Inc. (STRA) (Consumer Defensive) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategic Education, Inc. | 0.02 | 0.18 | 0.27 | 59 | Consumer Defensive | |
| United Therapeutics Corporation | 0.09 | 0.12 | 0.15 | 95 | Healthcare | |
| Elevance Health, Inc. | 0.10 | 0.08 | 0.12 | 72 | Healthcare | |
| Tidewater Inc. | 0.14 | 0.26 | 0.22 | 74 | Energy | |
| Leonardo DRS Inc. Common Stock | 0.20 | 0.29 | 0.29 | 54 | Industrials |
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