Looking to balance out your exposure to OTLY? The ETFs below have the lowest correlation with OTLY — they tend to move on their own, which can help reduce risk when OTLY drops. The stock ideas table highlights individual companies that behave independently from OTLY.
No Diversifiers Found for OTLY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OTLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OTLY and solid risk/return profiles. The least correlated is Mueller Water Products, Inc. (MWA) (Industrials) with a 1Y correlation of 0.21, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Mueller Water Products, Inc. | 0.21 | 0.24 | 0.29 | 59 | Industrials |
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