Looking to balance out your exposure to OSCR? The ETFs below have historically moved differently from OSCR, 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 OSCR
11 ETFs have low correlation with OSCR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | 0.08 | 0.02 | 0.00 | 100 | Ultrashort Bond | OSCR vs SGOV | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.10 | 0.17 | 0.24 | 81 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | OSCR vs KORU | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.10 | 0.18 | 0.27 | 90 | Leveraged Equities, Semiconductors | OSCR vs SOXL | |
| Invesco Semiconductors ETF | 0.12 | 0.19 | 0.28 | 88 | Semiconductors, Technology Equities | OSCR vs PSI | |
| VanEck Semiconductor ETF | 0.13 | 0.17 | 0.27 | 87 | Semiconductors, Technology Equities | OSCR vs SMH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OSCR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.05, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.05 | 0.05 | 0.10 | 65 | Energy | |
| The Coca-Cola Company | -0.02 | 0.05 | 0.09 | 86 | Consumer Defensive | |
| Merck & Co., Inc. | 0.02 | 0.06 | 0.05 | 94 | Healthcare | |
| Lumentum Holdings Inc. | 0.04 | 0.13 | 0.23 | 99 | Technology | |
| Advanced Micro Devices, Inc. | 0.04 | 0.13 | 0.22 | 93 | Technology |
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