Looking to balance out your exposure to OMAB? The ETFs below have the lowest correlation with OMAB — they tend to move on their own, which can help reduce risk when OMAB drops. The stock ideas table highlights individual companies that behave independently from OMAB.
Best Diversifiers for OMAB
3 ETFs have low correlation with OMAB (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.00 | -0.02 | 100 | Ultrashort Bond | OMAB vs SGOV | |
| Alerian MLP ETF | -0.05 | 0.14 | 0.24 | 54 | MLPs | OMAB vs AMLP | |
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.19 | 0.30 | 86 | Dividend | OMAB vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.33 | 0.38 | 66 | S&P 500 | OMAB vs SPY | |
| Invesco QQQ ETF | 0.33 | 0.30 | 0.35 | 58 | Nasdaq-100 | OMAB vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMAB and solid risk/return profiles. The least correlated is Woodside Energy Group Ltd (WDS) (Energy) with a 1Y correlation of -0.06, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Woodside Energy Group Ltd | -0.06 | 0.14 | 0.21 | 76 | Energy | |
| Eli Lilly and Company | -0.05 | 0.07 | 0.08 | 80 | Healthcare | |
| Enbridge Inc. | -0.04 | 0.14 | 0.25 | 88 | Energy | |
| Altria Group, Inc. | -0.03 | 0.04 | 0.12 | 81 | Consumer Defensive | |
| Lockheed Martin Corporation | -0.02 | 0.00 | 0.08 | 59 | Industrials |
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