Looking to balance out your exposure to ONTO? The ETFs below have the lowest correlation with ONTO — they tend to move on their own, which can help reduce risk when ONTO drops. The stock ideas table highlights individual companies that behave independently from ONTO.
Best Diversifiers for ONTO
0 ETFs have low correlation with ONTO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.51, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.51 | 0.57 | 0.63 | 74 | S&P 500 | ONTO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.57 | 0.63 | 74 | S&P 500 | ONTO vs SPY | |
| VanEck Semiconductor ETF | 0.72 | 0.74 | 0.79 | 96 | Semiconductors, Technology Equities | ONTO vs SMH | |
| Invesco Semiconductors ETF | 0.76 | 0.80 | 0.84 | 96 | Semiconductors, Technology Equities | ONTO vs PSI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ONTO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ONTO and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.06 | 0.04 | 0.09 | 64 | Consumer Cyclical | |
| Eli Lilly and Company | 0.01 | 0.15 | 0.13 | 75 | Healthcare | |
| Palo Alto Networks, Inc. | 0.05 | 0.24 | 0.34 | 69 | Technology | |
| MongoDB, Inc. | 0.11 | 0.30 | 0.39 | 76 | Technology | |
| Twilio Inc. | 0.12 | 0.26 | 0.36 | 83 | Communication Services |
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