Looking to balance out your exposure to ONC? The ETFs below have the lowest correlation with ONC — they tend to move on their own, which can help reduce risk when ONC drops. The stock ideas table highlights individual companies that behave independently from ONC.
No Diversifiers Found for ONC
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONC and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.18, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.18 | 0.01 | 0.03 | 63 | Energy | |
| Chevron Corporation | -0.09 | 0.00 | 0.04 | 67 | Energy | |
| Waste Management, Inc. | -0.09 | 0.04 | 0.06 | 51 | Industrials | |
| Verizon Communications Inc. | -0.05 | 0.07 | 0.07 | 54 | Communication Services | |
| CVS Health Corporation | -0.03 | 0.04 | 0.04 | 90 | Healthcare |
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