Looking to balance out your exposure to OCGN? The ETFs below have the lowest correlation with OCGN — they tend to move on their own, which can help reduce risk when OCGN drops. The stock ideas table highlights individual companies that behave independently from OCGN.
Best Diversifiers for OCGN
1 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 0.12, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.12 | 0.21 | 0.30 | 85 | Dividend | OCGN vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.30 | 0.39 | 74 | S&P 500 | OCGN vs SPY | |
| Vanguard S&P 500 ETF | 0.31 | 0.30 | 0.39 | 74 | S&P 500 | OCGN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OCGN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OCGN and solid risk/return profiles. The least correlated is National Retail Properties, Inc. (NNN) (Real Estate) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Retail Properties, Inc. | 0.07 | 0.07 | 0.15 | 64 | Real Estate | |
| NVIDIA Corporation | 0.21 | 0.21 | 0.32 | 80 | Technology | |
| Novavax, Inc. | 0.37 | 0.30 | 0.40 | 63 | Healthcare |
Build a portfolio that complements OCGN
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