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
250 ETFs have low correlation with OMFL (below 0.3), 39 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.42 | — | — | 60 | Inverse Equities, Leveraged Equities | OMFL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.41 | — | — | 65 | Derivative Income | OMFL vs WNTR | |
| United States Gasoline Fund LP | -0.20 | -0.04 | 0.09 | 72 | Oil & Gas | OMFL vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | OMFL vs IBIC | |
| ProShares UltraShort Yen | -0.17 | -0.05 | -0.03 | 75 | Leveraged Currency | OMFL vs YCS |
To view more results, upgrade your current subscription plan.
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 0.50, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.50 | 0.46 | 0.49 | 66 | Consumer Cyclical |
Build a portfolio that complements OMFL
Add OMFL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OMFL