Looking to balance out your exposure to OMER? The ETFs below have the lowest correlation with OMER — they tend to move on their own, which can help reduce risk when OMER drops. The stock ideas table highlights individual companies that behave independently from OMER.
Best Diversifiers for OMER
1 ETFs have low correlation with OMER (below 0.3), 1 of which are negatively correlated. The least correlated is Goldman Sachs Access Treasury 0-1 Year ETF (GBIL) (Government Bonds) with a 1Y correlation of -0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Goldman Sachs Access Treasury 0-1 Year ETF | -0.00 | -0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | OMER vs GBIL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMER, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMER and solid risk/return profiles. The least correlated is Cipher Digital Inc. (CIFR) (Technology) with a 1Y correlation of 0.11, down from 0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cipher Digital Inc. | 0.11 | 0.21 | — | 86 | Technology | |
| Opendoor Technologies Inc. | 0.13 | 0.24 | 0.26 | 86 | Real Estate | |
| Keel Infrastructure Corporation | 0.16 | 0.25 | 0.27 | 89 | Financial Services | |
| uniQure N.V. | 0.20 | 0.25 | 0.32 | 81 | Healthcare | |
| Ituran Location and Control Ltd. | 0.20 | 0.25 | 0.20 | 84 | Technology |
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