Looking to balance out your exposure to OCCI? The ETFs below have the lowest correlation with OCCI — they tend to move on their own, which can help reduce risk when OCCI drops. The stock ideas table highlights individual companies that behave independently from OCCI.
Best Diversifiers for OCCI
4 ETFs have low correlation with OCCI (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.15 | 0.24 | 0.24 | 89 | Nasdaq-100, Derivative Income | OCCI vs QYLD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.18 | 0.24 | — | 76 | Nasdaq-100, Derivative Income | OCCI vs JEPQ | |
| SPDR Blackstone Senior Loan ETF | 0.23 | 0.25 | 0.25 | 55 | High Yield Bonds | OCCI vs SRLN | |
| SPDR Portfolio High Yield Bond ETF | 0.24 | 0.25 | 0.23 | 64 | High Yield Bonds | OCCI vs SPHY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OCCI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OCCI and solid risk/return profiles. The least correlated is Eagle Point Credit Company Inc. (ECCC) (Financial Services) with a 1Y correlation of -0.06, roughly unchanged from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eagle Point Credit Company Inc. | -0.06 | 0.03 | — | 82 | Financial Services |
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