Looking to balance out your exposure to OCGN? The ETFs below have historically moved differently from OCGN, 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 OCGN
2 ETFs have low correlation with OCGN (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.08, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.20 | 0.31 | 94 | Dividend | OCGN vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.29 | 0.40 | 71 | S&P 500 | OCGN vs SPY | |
| Vanguard S&P 500 ETF | 0.30 | 0.29 | 0.40 | 72 | S&P 500 | OCGN vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OCGN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NNN REIT, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NNN REIT, Inc. | 0.07 | 0.07 | 0.15 | 76 | Real Estate | |
| Lumen Technologies, Inc. | 0.14 | 0.13 | 0.18 | 68 | Communication Services | |
| NVIDIA Corporation | 0.19 | 0.20 | 0.33 | 63 | Technology | |
| Novavax, Inc. | 0.41 | 0.31 | 0.41 | 52 | Healthcare |
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