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
257 ETFs have low correlation with OND (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.44, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.44 | -0.34 | -0.37 | 57 | Cryptocurrency | OND vs BITI | |
| Invesco DB Energy Fund | -0.20 | -0.05 | 0.04 | 53 | Oil & Gas | OND vs DBE | |
| Brookstone Ultra-Short Bond ETF | -0.17 | — | — | 99 | Ultrashort Bond | OND vs BAMU | |
| VanEck Energy Income ETF | -0.16 | 0.17 | — | 81 | Energy Equities | OND vs EINC | |
| Barclays ETN+ Select MLP ETN | -0.15 | 0.18 | 0.26 | 61 | MLPs | OND vs ATMP |
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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. | 0.23 | — | — | 52 | Communication Services | |
| Amazon.com, Inc | 0.49 | 0.52 | — | 54 | Consumer Cyclical |
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