Looking to diversify beyond OARK? The ETFs below have the lowest correlation with OARK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OARK.
Best Diversifiers for OARK
345 ETFs have low correlation with OARK (below 0.3), 59 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.23, down from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.23 | -0.05 | — | 66 | Oil & Gas | OARK vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.22 | — | — | 56 | Derivative Income | OARK vs USOY | |
| Invesco DB Energy Fund | -0.21 | -0.06 | — | 71 | Oil & Gas | OARK vs DBE | |
| United States Brent Oil Fund LP | -0.20 | -0.04 | — | 65 | Oil & Gas | OARK vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | -0.02 | — | 56 | Oil & Gas | OARK vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OARK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OARK and solid risk/return profiles. The least correlated is Nuveen AMT-Free Quality Municipal Income Fund (NEA) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nuveen AMT-Free Quality Municipal Income Fund | 0.14 | 0.23 | 0.22 | 78 | Financial Services |
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