Looking to diversify beyond OMAH? The ETFs below have the lowest correlation with OMAH — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OMAH.
Best Diversifiers for OMAH
680 ETFs have low correlation with OMAH (below 0.3), 58 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.18, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.18 | -0.07 | -0.07 | 51 | Currency | OMAH vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.16 | — | — | 68 | Inverse Equities, Leveraged Equities | OMAH vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.16 | — | — | 70 | Derivative Income | OMAH vs WNTR | |
| ProShares Short Bitcoin ETF | -0.15 | -0.22 | -0.22 | 57 | Cryptocurrency | OMAH vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.14 | -0.21 | -0.21 | 52 | Cryptocurrency, Leveraged Cryptocurrency | OMAH vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMAH and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.03, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.03 | 0.11 | 0.11 | 65 | Technology | |
| Reaves Utility Income Trust | 0.07 | — | — | 74 | Financial Services | |
| Tesla, Inc. | 0.14 | — | — | 63 | Consumer Cyclical | |
| Spire Inc. | 0.24 | — | — | 65 | Utilities | |
| BlackRock Capital Allocation Term Trust | 0.24 | — | — | 94 | Financial Services |
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Build a portfolio that complements OMAH
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