Looking to balance out your exposure to OLN? The ETFs below have the lowest correlation with OLN — they tend to move on their own, which can help reduce risk when OLN drops. The stock ideas table highlights individual companies that behave independently from OLN.
Best Diversifiers for OLN
2 ETFs have low correlation with OLN (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.18, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.18 | 0.23 | 0.32 | 53 | Japan Equities | OLN vs SCJ | |
| Vanguard S&P 500 ETF | 0.29 | 0.36 | 0.45 | 74 | S&P 500 | OLN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLN and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.04 | 0.07 | 0.21 | 80 | Technology | |
| International Business Machines Corporation | 0.03 | 0.14 | 0.22 | 54 | Technology | |
| Johnson & Johnson | 0.07 | 0.13 | 0.12 | 94 | Healthcare | |
| The Southern Company | 0.08 | 0.13 | 0.16 | 52 | Utilities | |
| Apple Inc | 0.09 | 0.15 | 0.24 | 90 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OLN
Add OLN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OLN