Looking to balance out your exposure to OMCL? The ETFs below have the lowest correlation with OMCL — they tend to move on their own, which can help reduce risk when OMCL drops. The stock ideas table highlights individual companies that behave independently from OMCL.
Best Diversifiers for OMCL
0 ETFs have low correlation with OMCL (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.38, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.38 | 0.34 | 0.42 | 66 | S&P 500 | OMCL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMCL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMCL and solid risk/return profiles. The least correlated is Cisco Systems, Inc. (CSCO) (Technology) with a 1Y correlation of 0.08, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cisco Systems, Inc. | 0.08 | 0.17 | 0.25 | 94 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.08 | 0.13 | 0.19 | 84 | Consumer Defensive |
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