Looking to diversify beyond OMFL? The ETFs below have the lowest correlation with OMFL — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OMFL.
Best Diversifiers for OMFL
211 ETFs have low correlation with OMFL (below 0.3), 25 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.04 | -0.02 | 61 | Leveraged Currency | OMFL vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | OMFL vs IBIC | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | OMFL vs CSHP | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.12 | — | — | 95 | Inflation-Protected Bonds | OMFL vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.10 | -0.02 | -0.02 | 98 | Ultrashort Bond | OMFL vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OMFL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OMFL and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.47, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.47 | 0.46 | 0.48 | 59 | Consumer Cyclical |
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