Looking to balance out your exposure to OMF? The ETFs below have historically moved differently from OMF, 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 OMF
2 ETFs have low correlation with OMF (below 0.3), 0 of which are negatively correlated. The least correlated is SonicShares Global Shipping ETF (BOAT) (Industrials Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SonicShares Global Shipping ETF | 0.22 | 0.22 | — | 93 | Industrials Equities, Global Equities | OMF vs BOAT | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.48 | 0.58 | 95 | Dividend | OMF vs SCHD | |
| State Street Technology Select Sector SPDR ETF | 0.31 | 0.36 | 0.44 | 55 | Technology Equities | OMF vs XLK | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | 0.37 | 0.44 | 83 | Nasdaq-100, Derivative Income | OMF vs QYLD | |
| Vanguard Information Technology ETF | 0.33 | 0.39 | 0.46 | 52 | Technology Equities | OMF vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OMF, 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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.27 | -0.00 | 0.13 | 86 | Energy | |
| Chevron Corporation | -0.17 | 0.12 | 0.25 | 80 | Energy | |
| Altria Group, Inc. | -0.16 | 0.03 | 0.18 | 66 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.14 | 0.10 | 0.24 | 84 | Energy | |
| BP p.l.c. | -0.12 | 0.12 | 0.23 | 84 | Energy |
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