Looking to diversify beyond OMFL? The ETFs below have historically moved differently from OMFL, 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 OMFL
280 ETFs have low correlation with OMFL (below 0.3), 70 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.42 | — | — | 69 | Derivative Income | OMFL vs WNTR | |
| ProShares Short Bitcoin ETF | -0.41 | -0.34 | — | 51 | Cryptocurrency | OMFL vs BITI | |
| Invesco DB Energy Fund | -0.29 | -0.08 | 0.09 | 66 | Oil & Gas | OMFL vs DBE | |
| Invesco DB Oil Fund | -0.25 | -0.06 | 0.09 | 51 | Oil & Gas | OMFL vs DBO | |
| United States Gasoline Fund, LP | -0.24 | -0.07 | 0.08 | 83 | Oil & Gas | OMFL vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OMFL, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.13, down from 0.53 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.13 | 0.36 | 0.53 | 61 | Financial Services |
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