Looking to balance out your exposure to OMEX? The ETFs below have the lowest correlation with OMEX — they tend to move on their own, which can help reduce risk when OMEX drops. The stock ideas table highlights individual companies that behave independently from OMEX.
No Diversifiers Found for OMEX
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 OMEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMEX and solid risk/return profiles. The least correlated is Old Dominion Freight Line, Inc. (ODFL) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc. | 0.02 | 0.05 | 0.07 | 71 | Industrials | |
| Tidewater Inc. | 0.06 | 0.06 | 0.06 | 79 | Energy | |
| Oceaneering International, Inc. | 0.11 | 0.11 | 0.12 | 88 | Energy | |
| Matson, Inc. | 0.13 | 0.07 | 0.08 | 83 | Industrials | |
| Clean Harbors, Inc. | 0.16 | 0.13 | 0.14 | 68 | Industrials |
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