Looking to balance out your exposure to OOMA? The ETFs below have the lowest correlation with OOMA — they tend to move on their own, which can help reduce risk when OOMA drops. The stock ideas table highlights individual companies that behave independently from OOMA.
Best Diversifiers for OOMA
0 ETFs have low correlation with OOMA (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Total Stock Market ETF (VTI) (Large Cap Blend Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Total Stock Market ETF | 0.32 | 0.34 | 0.37 | 67 | Large Cap Blend Equities | OOMA vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OOMA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OOMA and solid risk/return profiles. The least correlated is Penguin Solutions, Inc (PENG) (Technology) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Penguin Solutions, Inc | 0.10 | 0.17 | 0.24 | 94 | Technology |
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