Looking to balance out your exposure to ONDS? The ETFs below have the lowest correlation with ONDS — they tend to move on their own, which can help reduce risk when ONDS drops. The stock ideas table highlights individual companies that behave independently from ONDS.
Best Diversifiers for ONDS
153 ETFs have low correlation with ONDS (below 0.3), 16 of which are negatively correlated. The least correlated is Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) (Dividend) with a 1Y correlation of -0.11, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin U.S. Low Volatility High Dividend Index E... | -0.11 | 0.09 | 0.12 | 60 | Dividend | ONDS vs LVHD | |
| iShares Core High Dividend ETF | -0.10 | 0.07 | 0.13 | 85 | Dividend, Large Cap Value Equities | ONDS vs HDV | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | ONDS vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | — | — | 100 | Ultrashort Bond, Government Bonds | ONDS vs VGUS | |
| iShares Treasury Floating Rate Bond ETF | -0.06 | -0.07 | -0.06 | 100 | Government Bonds, Ultrashort Bond | ONDS vs TFLO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONDS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONDS and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.27, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.27 | -0.07 | -0.02 | 84 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.22 | -0.10 | -0.09 | 56 | Consumer Defensive | |
| Duke Energy Corporation | -0.21 | -0.04 | -0.05 | 64 | Utilities | |
| PepsiCo, Inc. | -0.20 | -0.03 | -0.01 | 53 | Consumer Defensive | |
| The Southern Company | -0.18 | -0.04 | -0.02 | 56 | Utilities |
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