Looking to balance out your exposure to OFG? The ETFs below have the lowest correlation with OFG — they tend to move on their own, which can help reduce risk when OFG drops. The stock ideas table highlights individual companies that behave independently from OFG.
Best Diversifiers for OFG
0 ETFs have low correlation with OFG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.34, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.34 | 0.43 | 0.48 | 74 | S&P 500 | OFG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OFG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OFG and solid risk/return profiles. The least correlated is CF Industries Holdings, Inc. (CF) (Basic Materials) with a 1Y correlation of -0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CF Industries Holdings, Inc. | -0.08 | 0.08 | 0.20 | 63 | Basic Materials | |
| The Hershey Company | 0.05 | 0.06 | 0.10 | 58 | Consumer Defensive | |
| Coterra Energy Inc. | 0.05 | 0.23 | 0.28 | 80 | Energy | |
| Lockheed Martin Corporation | 0.11 | 0.10 | 0.17 | 51 | Industrials | |
| Clearway Energy, Inc. | 0.14 | 0.24 | 0.28 | 79 | Utilities |
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