Now that you have a little information on the various types of sheathing, you must ask yourself a few basic questions to facilitate your selection process.
Do you live in an area that is prone to flooding or heavy rains?
Does your home site sit low to the ground or does it sit higher above ground level?
Will your house sit at the bottom of a hill?
Do you have a lot of snow accumulation during winter months?
Are there heavy rains when the ground is frozen?
All of the above questions help you assess the risk of your house coming in contact with water.
A basic variable to take into consideration is the amount of money you have allocated for this portion of the job.
We opted to use a combination of pressure treated plywood on the corner of the house closest to ground level and CDX on the remainder of the house. The cost was a little than if we had used OSB, but I felt that plywood was stronger and longer lasting than OSB. But again that is my opinion based it is based on our situation. You will have your own opinion based on your situation.