Looking to balance out your exposure to OXM? The ETFs below have the lowest correlation with OXM — they tend to move on their own, which can help reduce risk when OXM drops. The stock ideas table highlights individual companies that behave independently from OXM.
Best Diversifiers for OXM
0 ETFs have low correlation with OXM (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 0.32, down from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.32 | 0.36 | 0.44 | 70 | S&P 500 | OXM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OXM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OXM and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of 0.12, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | 0.12 | 0.15 | 0.26 | 94 | Industrials |
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