Looking to balance out your exposure to OSW? The ETFs below have the lowest correlation with OSW — they tend to move on their own, which can help reduce risk when OSW drops. The stock ideas table highlights individual companies that behave independently from OSW.
Best Diversifiers for OSW
0 ETFs have low correlation with OSW (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 0.41, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.45 | 0.45 | 74 | S&P 500 | OSW vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSW and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of 0.09, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | 0.09 | 0.26 | 0.32 | 94 | Technology | |
| Quanta Services, Inc. | 0.21 | 0.32 | 0.35 | 94 | Industrials | |
| Sphere Entertainment Co. | 0.30 | 0.32 | 0.35 | 98 | Communication Services |
Build a portfolio that complements OSW
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