Looking to balance out your exposure to OCCI? The ETFs below have historically moved differently from OCCI, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.20, roughly unchanged from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.20 | 0.25 | 0.24 | 83 | Nasdaq-100, Derivative Income | OCCI vs QYLD | |
| State Street Blackstone Senior Loan ETF | 0.20 | 0.24 | 0.24 | 57 | Bank Loan, High Yield Bonds | OCCI vs SRLN | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.20 | 0.25 | — | 60 | Nasdaq-100, Derivative Income | OCCI vs JEPQ | |
| SPDR Portfolio High Yield Bond ETF | 0.22 | 0.25 | 0.23 | 65 | High Yield Bonds | OCCI vs SPHY |
Diversification Analysis
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