Looking to diversify beyond ONLN? The ETFs below have historically moved differently from ONLN, 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 ONLN
381 ETFs have low correlation with ONLN (below 0.3), 85 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.37 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.37 | — | 51 | Cryptocurrency | ONLN vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.40 | — | — | 69 | Derivative Income | ONLN vs WNTR | |
| Invesco DB Energy Fund | -0.33 | -0.08 | 0.04 | 66 | Oil & Gas | ONLN vs DBE | |
| Invesco DB Oil Fund | -0.30 | -0.06 | 0.04 | 51 | Oil & Gas | ONLN vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.27 | -0.00 | -0.00 | 52 | Derivative Income, Dividend | ONLN vs XOMO |
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