Looking to balance out your exposure to OMAB? The ETFs below have historically moved differently from OMAB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.01 | -0.03 | 100 | Ultrashort Bond | OMAB vs SGOV | |
| Alerian MLP ETF | -0.07 | 0.13 | 0.22 | 66 | MLPs | OMAB vs AMLP | |
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.19 | 0.29 | 95 | Dividend | OMAB vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.34 | 0.38 | 67 | S&P 500 | OMAB vs SPY | |
| Invesco FTSE RAFI Emerging Markets ETF | 0.37 | 0.37 | 0.41 | 75 | Emerging Markets Equities | OMAB vs PXH |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OMAB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.03 | 0.11 | 66 | Consumer Defensive | |
| Woodside Energy Group Ltd | -0.07 | 0.14 | 0.20 | 80 | Energy | |
| Enbridge Inc. | -0.05 | 0.14 | 0.24 | 85 | Energy | |
| Eli Lilly and Company | -0.04 | 0.06 | 0.08 | 83 | Healthcare | |
| Halliburton Company | -0.03 | 0.10 | 0.18 | 79 | Energy |
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