Looking to balance out your exposure to ONT? The ETFs below have the lowest correlation with ONT — they tend to move on their own, which can help reduce risk when ONT drops. The stock ideas table highlights individual companies that behave independently from ONT.
Best Diversifiers for ONT
1 ETFs have low correlation with ONT (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.02 | 0.00 | 100 | Government Bonds, Ultrashort Bond | ONT vs SHV | |
| Vanguard S&P 500 ETF | 0.39 | 0.39 | 0.44 | 74 | S&P 500 | ONT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hafnia Limited | 0.07 | — | — | 81 | Industrials | |
| Chevron Corporation | 0.08 | 0.11 | 0.17 | 84 | Energy | |
| NVIDIA Corporation | 0.11 | 0.18 | 0.30 | 80 | Technology | |
| Target Corporation | 0.23 | 0.24 | 0.31 | 73 | Consumer Defensive | |
| Embraer S.A | 0.29 | 0.22 | 0.30 | 55 | Industrials |
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