Looking to diversify beyond OND? The ETFs below have historically moved differently from OND, 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 OND
292 ETFs have low correlation with OND (below 0.3), 44 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.47, down from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.47 | -0.34 | — | 61 | Cryptocurrency | OND vs BITI | |
| Alpha Architect Tail Risk ETF | -0.31 | -0.06 | — | 56 | Options Trading | OND vs CAOS | |
| Invesco DB Energy Fund | -0.23 | -0.07 | — | 72 | Oil & Gas | OND vs DBE | |
| Invesco DB Oil Fund | -0.20 | -0.06 | — | 58 | Oil & Gas | OND vs DBO | |
| United States Brent Oil Fund LP | -0.20 | -0.06 | — | 52 | Oil & Gas | OND vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OND, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TKO Group Holdings Inc. | 0.24 | — | — | 54 | Communication Services | |
| Amazon.com, Inc | 0.51 | 0.52 | 0.60 | 60 | Consumer Cyclical |
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