Looking to balance out your exposure to OLMA? The ETFs below have the lowest correlation with OLMA — they tend to move on their own, which can help reduce risk when OLMA drops. The stock ideas table highlights individual companies that behave independently from OLMA.
No Diversifiers Found for OLMA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OLMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLMA and solid risk/return profiles. The least correlated is T1 Energy Inc (TE) (Industrials) with a 1Y correlation of 0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| T1 Energy Inc | 0.05 | 0.14 | 0.19 | 97 | Industrials | |
| Amprius Technologies Inc. | 0.05 | 0.10 | — | 97 | Industrials | |
| AppLovin Corporation | 0.05 | 0.09 | 0.22 | 59 | Technology | |
| Teekay Tankers Ltd. | 0.06 | 0.04 | 0.05 | 82 | Energy | |
| Guardant Health, Inc. | 0.06 | 0.15 | 0.26 | 93 | Healthcare |
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