Looking to balance out your exposure to OLO? The ETFs below have the lowest correlation with OLO — they tend to move on their own, which can help reduce risk when OLO drops. The stock ideas table highlights individual companies that behave independently from OLO.
No Diversifiers Found for OLO
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 OLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLO and solid risk/return profiles. The least correlated is Opendoor Technologies Inc. (OPEN) (Real Estate) with a 1Y correlation of -0.05, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Opendoor Technologies Inc. | -0.05 | 0.31 | 0.42 | 96 | Real Estate | |
| Ducommun Incorporated | -0.00 | 0.29 | 0.29 | 93 | Industrials | |
| Compass, Inc. | 0.02 | 0.31 | 0.42 | 54 | Technology | |
| Lemonade, Inc. | 0.03 | 0.37 | 0.46 | 61 | Financial Services | |
| Oscar Health, Inc. | 0.04 | 0.20 | 0.29 | 59 | Healthcare |
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