Looking to balance out your exposure to ONL? The ETFs below have the lowest correlation with ONL — they tend to move on their own, which can help reduce risk when ONL drops. The stock ideas table highlights individual companies that behave independently from ONL.
Best Diversifiers for ONL
1 ETFs have low correlation with ONL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.15 | 0.19 | — | 96 | Semiconductors, Technology Equities | ONL vs SMH | |
| Schwab U.S. Dividend Equity ETF | 0.32 | 0.47 | — | 85 | Dividend | ONL vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONL and solid risk/return profiles. The least correlated is ZIM Integrated Shipping Services Ltd. (ZIM) (Industrials) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ZIM Integrated Shipping Services Ltd. | 0.04 | 0.08 | 0.12 | 76 | Industrials | |
| Oruka Therapeutics, Inc | 0.04 | 0.15 | — | 98 | Healthcare | |
| Enterprise Products Partners L.P. | 0.05 | 0.23 | — | 88 | Energy | |
| Snowflake Inc. | 0.05 | 0.17 | — | 51 | Technology | |
| Bancolombia S.A. | 0.07 | 0.17 | — | 85 | Financial Services |
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