Looking to balance out your exposure to OSCR? The ETFs below have the lowest correlation with OSCR — they tend to move on their own, which can help reduce risk when OSCR drops. The stock ideas table highlights individual companies that behave independently from OSCR.
Best Diversifiers for OSCR
10 ETFs have low correlation with OSCR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of 0.08, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.08 | 0.19 | 0.28 | 93 | Semiconductors, Technology Equities | OSCR vs PSI | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.08 | 0.17 | 0.27 | 93 | Leveraged Equities, Semiconductors | OSCR vs SOXL | |
| VanEck Semiconductor ETF | 0.10 | 0.16 | 0.26 | 92 | Semiconductors, Technology Equities | OSCR vs SMH | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.10 | 0.17 | 0.24 | 89 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | OSCR vs KORU | |
| iShares 0-3 Month Treasury Bond ETF | 0.10 | 0.02 | 0.01 | 100 | Ultrashort Bond | OSCR vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSCR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSCR and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.05 | 0.05 | 0.09 | 81 | Consumer Defensive | |
| Occidental Petroleum Corporation | -0.04 | 0.05 | 0.11 | 68 | Energy | |
| Tower Semiconductor Ltd | 0.01 | 0.09 | 0.16 | 99 | Technology | |
| Lumentum Holdings Inc. | 0.01 | 0.13 | 0.23 | 99 | Technology | |
| Advanced Micro Devices, Inc. | 0.03 | 0.13 | 0.22 | 96 | Technology |
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