Looking to balance out your exposure to OM? The ETFs below have the lowest correlation with OM — they tend to move on their own, which can help reduce risk when OM drops. The stock ideas table highlights individual companies that behave independently from OM.
Best Diversifiers for OM
0 ETFs have low correlation with OM (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 0.30, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.30 | 0.30 | 0.35 | 70 | S&P 500 | OM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OM and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.04 | 0.07 | 69 | Consumer Defensive |
Build a portfolio that complements OM
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