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
1 ETFs have low correlation with ONTO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care ETF (VHT) (Health & Biotech Equities) with a 1Y correlation of 0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Health Care ETF | 0.04 | 0.18 | 0.30 | 58 | Health & Biotech Equities | ONTO vs VHT | |
| Vanguard Dividend Appreciation ETF | 0.41 | 0.45 | 0.51 | 68 | Dividend | ONTO vs VIG | |
| Amplify CWP International Enhanced Dividend Income... | 0.52 | 0.49 | — | 75 | Derivative Income, Dividend, Foreign Large Cap Equities | ONTO vs IDVO | |
| NEOS S&P 500 High Income ETF | 0.52 | 0.57 | — | 70 | Derivative Income, S&P 500 | ONTO vs SPYI | |
| State Street SPDR Portfolio S&P 500 ETF | 0.54 | 0.58 | 0.63 | 66 | S&P 500 | ONTO vs SPYM |
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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 ONEOK, Inc. (OKE) (Energy) with a 1Y correlation of -0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ONEOK, Inc. | -0.11 | 0.10 | 0.24 | 68 | Energy | |
| The Hershey Company | -0.09 | -0.10 | -0.07 | 53 | Consumer Defensive | |
| Walmart Inc. | -0.08 | -0.00 | 0.07 | 69 | Consumer Defensive | |
| Murphy USA Inc. | -0.06 | 0.02 | 0.08 | 76 | Consumer Cyclical | |
| Eli Lilly and Company | -0.05 | 0.13 | 0.13 | 79 | Healthcare |
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Build a portfolio that complements ONTO
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