Looking to balance out your exposure to OWLT? The ETFs below have the lowest correlation with OWLT — they tend to move on their own, which can help reduce risk when OWLT drops. The stock ideas table highlights individual companies that behave independently from OWLT.
No Diversifiers Found for OWLT
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 OWLT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OWLT and solid risk/return profiles. The least correlated is Triton International Ltd (TRTN-PB) (Industrials) with a 1Y correlation of -0.05, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Triton International Ltd | -0.05 | 0.00 | 0.00 | 90 | Industrials | |
| American Electric Power Company, Inc. | 0.01 | 0.02 | 0.06 | 79 | Utilities | |
| Smithfield Foods, Inc | 0.03 | 0.05 | 0.05 | 57 | Consumer Defensive | |
| Triton International Ltd | 0.09 | 0.03 | 0.03 | 81 | Industrials | |
| Lumentum Holdings Inc. | 0.09 | 0.13 | 0.14 | 99 | Technology |
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