Looking to balance out your exposure to OMF? The ETFs below have the lowest correlation with OMF — they tend to move on their own, which can help reduce risk when OMF drops. The stock ideas table highlights individual companies that behave independently from OMF.
Best Diversifiers for OMF
1 ETFs have low correlation with OMF (below 0.3), 0 of which are negatively correlated. The least correlated is SonicShares Global Shipping ETF (BOAT) (Transportation Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SonicShares Global Shipping ETF | 0.25 | 0.26 | — | 73 | Transportation Equities | OMF vs BOAT | |
| Schwab U.S. Dividend Equity ETF | 0.33 | 0.50 | 0.59 | 80 | Dividend | OMF vs SCHD | |
| Global X NASDAQ 100 Covered Call ETF | 0.35 | 0.37 | 0.45 | 88 | Nasdaq-100, Derivative Income | OMF vs QYLD | |
| State Street Technology Select Sector SPDR ETF | 0.36 | 0.38 | 0.45 | 83 | Technology Equities | OMF vs XLK | |
| Invesco International BuyBack Achievers™ ETF | 0.36 | 0.45 | 0.52 | 54 | Global Equities | OMF vs IPKW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMF and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.18, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.18 | 0.06 | 0.17 | 82 | Energy | |
| Altria Group, Inc. | -0.16 | 0.05 | 0.20 | 69 | Consumer Defensive | |
| Chevron Corporation | -0.07 | 0.15 | 0.26 | 83 | Energy | |
| BP p.l.c. | -0.04 | 0.18 | 0.30 | 87 | Energy | |
| Cardinal Health, Inc. | -0.03 | 0.09 | 0.21 | 68 | Healthcare |
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Build a portfolio that complements OMF
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Analyze a portfolio with OMF