Looking to balance out your exposure to OUT? The ETFs below have the lowest correlation with OUT — they tend to move on their own, which can help reduce risk when OUT drops. The stock ideas table highlights individual companies that behave independently from OUT.
Best Diversifiers for OUT
4 ETFs have low correlation with OUT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.18, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.18 | 0.36 | 0.47 | 58 | Nasdaq-100 | OUT vs QQQ | |
| Capital Group Dividend Value ETF | 0.26 | 0.48 | 0.57 | 69 | Large Cap Value Equities, Dividend | OUT vs CGDV | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.46 | 0.56 | 66 | S&P 500 | OUT vs SPY | |
| Vanguard S&P 500 ETF | 0.29 | 0.46 | 0.56 | 66 | S&P 500 | OUT vs VOO | |
| SPDR Portfolio High Yield Bond ETF | 0.34 | 0.46 | 0.52 | 68 | High Yield Bonds | OUT vs SPHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OUT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OUT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.01 | 0.12 | 0.21 | 81 | Consumer Defensive | |
| Kinder Morgan, Inc. | 0.08 | 0.23 | 0.34 | 77 | Energy | |
| British American Tobacco p.l.c. | 0.11 | 0.20 | 0.25 | 72 | Consumer Defensive | |
| Verizon Communications Inc. | 0.16 | 0.19 | 0.21 | 57 | Communication Services | |
| Digital Realty Trust, Inc. | 0.22 | 0.35 | 0.39 | 55 | Real Estate |
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