Looking to diversify beyond ONLN? The ETFs below have the lowest correlation with ONLN — 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 ONLN.
Best Diversifiers for ONLN
348 ETFs have low correlation with ONLN (below 0.3), 74 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.49, roughly unchanged from -0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.49 | -0.49 | -0.49 | 99 | Leveraged Equities, Semiconductors | ONLN vs MUU | |
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | -0.39 | 57 | Cryptocurrency | ONLN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.42 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | ONLN vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | -0.41 | -0.41 | 68 | Inverse Equities, Leveraged Equities | ONLN vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | -0.41 | -0.41 | 70 | Derivative Income | ONLN vs WNTR |
See all 1544 diversifiers for ONLN
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Diversification Analysis
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