Looking to balance out your exposure to OCUL? The ETFs below have the lowest correlation with OCUL — they tend to move on their own, which can help reduce risk when OCUL drops. The stock ideas table highlights individual companies that behave independently from OCUL.
Best Diversifiers for OCUL
5 ETFs have low correlation with OCUL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.14, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.14 | 0.22 | 0.26 | 87 | Materials | OCUL vs REMX | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.23 | 0.31 | 0.34 | 55 | High Yield Bonds | OCUL vs HYG | |
| Global X Artificial Intelligence & Technology ETF | 0.25 | 0.27 | 0.35 | 81 | Technology Equities | OCUL vs AIQ | |
| Invesco NASDAQ 100 ETF | 0.29 | 0.26 | 0.33 | 74 | Nasdaq-100 | OCUL vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.30 | 0.35 | 70 | S&P 500 | OCUL vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OCUL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OCUL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.10 | -0.01 | 0.03 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.01 | 0.06 | 0.08 | 59 | Communication Services | |
| TechnipFMC plc | 0.04 | 0.11 | 0.15 | 96 | Energy | |
| Kinder Morgan, Inc. | 0.06 | 0.13 | 0.17 | 60 | Energy | |
| Merck & Co., Inc. | 0.06 | 0.11 | 0.08 | 87 | Healthcare |
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