Looking to balance out your exposure to OSK? The ETFs below have the lowest correlation with OSK — they tend to move on their own, which can help reduce risk when OSK drops. The stock ideas table highlights individual companies that behave independently from OSK.
Best Diversifiers for OSK
0 ETFs have low correlation with OSK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.38, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.38 | 0.39 | 0.47 | 53 | Nasdaq-100 | OSK vs QQQ | |
| Franklin FTSE Taiwan ETF | 0.41 | 0.36 | 0.42 | 92 | Taiwan Equities, Asia Pacific Equities | OSK vs FLTW | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.42 | 0.40 | — | 60 | Nasdaq-100, Derivative Income | OSK vs JEPQ | |
| iShares MSCI Netherlands ETF | 0.44 | 0.43 | 0.49 | 58 | Europe Equities | OSK vs EWN | |
| NEOS S&P 500 High Income ETF | 0.47 | 0.49 | — | 70 | Derivative Income, S&P 500 | OSK vs SPYI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSK and solid risk/return profiles. The least correlated is Philip Morris International Inc. (PM) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Philip Morris International Inc. | -0.10 | 0.06 | 0.17 | 52 | Consumer Defensive | |
| Plains All American Pipeline, L.P. | -0.07 | 0.21 | 0.34 | 87 | Energy | |
| The Coca-Cola Company | -0.06 | 0.06 | 0.14 | 84 | Consumer Defensive | |
| Waste Management, Inc. | -0.06 | 0.04 | 0.13 | 56 | Industrials | |
| Exxon Mobil Corporation | -0.04 | 0.20 | 0.31 | 78 | Energy |
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