Looking to balance out your exposure to OUT? The ETFs below have historically moved differently from OUT, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OUT
3 ETFs have low correlation with OUT (below 0.3), 0 of which are negatively correlated. The least correlated is Capital Group Dividend Value ETF (CGDV) (Large Cap Value Equities) with a 1Y correlation of 0.22, down from 0.47 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Dividend Value ETF | 0.22 | 0.47 | — | 80 | Large Cap Value Equities, Dividend | OUT vs CGDV | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.45 | 0.55 | 67 | S&P 500 | OUT vs SPY | |
| Vanguard S&P 500 ETF | 0.24 | 0.45 | 0.55 | 68 | S&P 500 | OUT vs VOO | |
| State Street SPDR Bloomberg High Yield Bond ETF | 0.33 | 0.46 | 0.53 | 66 | High Yield Bonds | OUT vs JNK | |
| SPDR Portfolio High Yield Bond ETF | 0.34 | 0.45 | 0.52 | 70 | High Yield Bonds | OUT vs SPHY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OUT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Seagate Technology plc (STX) (Technology) with a 1Y correlation of -0.07, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seagate Technology plc | -0.07 | 0.17 | 0.30 | 99 | Technology | |
| NVIDIA Corporation | -0.05 | 0.13 | 0.26 | 56 | Technology | |
| Micron Technology, Inc. | -0.03 | 0.18 | 0.28 | 99 | Technology | |
| Marathon Petroleum Corporation | 0.02 | 0.14 | 0.25 | 95 | Energy | |
| Altria Group, Inc. | 0.02 | 0.12 | 0.20 | 66 | Consumer Defensive |
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