Looking to diversify beyond OND? The ETFs below have the lowest correlation with OND — 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 OND.
Best Diversifiers for OND
251 ETFs have low correlation with OND (below 0.3), 46 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.24 | -0.05 | 0.04 | 71 | Oil & Gas | OND vs DBE | |
| United States Brent Oil Fund LP | -0.21 | -0.04 | — | 65 | Oil & Gas | OND vs BNO | |
| Invesco DB Oil Fund | -0.20 | -0.03 | 0.04 | 65 | Oil & Gas | OND vs DBO | |
| Breakwave Tanker Shipping ETF | -0.17 | -0.02 | -0.03 | 98 | Commodities | OND vs BWET | |
| Strive U.S. Energy ETF | -0.16 | 0.07 | 0.16 | 55 | Energy Equities | OND vs DRLL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OND and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TKO Group Holdings Inc. | 0.26 | — | — | 68 | Communication Services | |
| Amazon.com, Inc | 0.44 | 0.51 | — | 63 | Consumer Cyclical |
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