Looking to balance out your exposure to OMDA? The ETFs below have the lowest correlation with OMDA — they tend to move on their own, which can help reduce risk when OMDA drops. The stock ideas table highlights individual companies that behave independently from OMDA.
No Diversifiers Found for OMDA
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMDA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMDA and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.05, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.05 | -0.04 | -0.04 | 70 | Energy | |
| Corning Incorporated | -0.04 | -0.03 | -0.03 | 98 | Technology | |
| United Therapeutics Corporation | -0.02 | 0.01 | 0.01 | 94 | Healthcare | |
| Vertiv Holdings Co. | 0.04 | 0.04 | 0.04 | 93 | Industrials | |
| Acadia Healthcare Company, Inc. | 0.11 | — | — | 51 | Healthcare |
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