Looking to balance out your exposure to OMC? The ETFs below have historically moved differently from OMC, 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 OMC
2 ETFs have low correlation with OMC (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 0.14, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.14 | 0.32 | 0.45 | 67 | S&P 500 | OMC vs SPY | |
| Vanguard S&P 500 ETF | 0.15 | 0.33 | 0.45 | 68 | S&P 500 | OMC vs VOO | |
| Schwab U.S. Dividend Equity ETF | 0.43 | 0.56 | 0.61 | 95 | Dividend | OMC vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OMC, 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 Eaton Corporation plc (ETN) (Industrials) with a 1Y correlation of -0.20, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Corporation plc | -0.20 | 0.09 | 0.27 | 53 | Industrials | |
| Applied Materials, Inc. | -0.16 | 0.10 | 0.26 | 95 | Technology | |
| nVent Electric plc | -0.15 | 0.13 | 0.31 | 91 | Industrials | |
| Corning Incorporated | -0.12 | 0.15 | 0.32 | 86 | Technology | |
| Caterpillar Inc. | -0.07 | 0.27 | 0.38 | 92 | Industrials |
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