Looking to balance out your exposure to OSS? The ETFs below have the lowest correlation with OSS — they tend to move on their own, which can help reduce risk when OSS drops. The stock ideas table highlights individual companies that behave independently from OSS.
Best Diversifiers for OSS
0 ETFs have low correlation with OSS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.35, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.35 | 0.27 | 0.23 | 74 | S&P 500 | OSS vs SPY | |
| Vanguard Information Technology ETF | 0.41 | 0.28 | 0.24 | 76 | Technology Equities | OSS vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSS and solid risk/return profiles. The least correlated is Lockheed Martin Corporation (LMT) (Industrials) with a 1Y correlation of 0.11, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lockheed Martin Corporation | 0.11 | 0.09 | 0.06 | 51 | Industrials | |
| Hecla Mining Company | 0.15 | 0.17 | 0.15 | 86 | Basic Materials | |
| MACOM Technology Solutions Holdings, Inc. | 0.19 | 0.18 | 0.18 | 96 | Technology | |
| Amazon.com, Inc | 0.20 | 0.12 | 0.14 | 62 | Consumer Cyclical | |
| SiTime Corporation | 0.22 | 0.24 | 0.21 | 94 | Technology |
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