Looking to balance out your exposure to OGE? The ETFs below have the lowest correlation with OGE — they tend to move on their own, which can help reduce risk when OGE drops. The stock ideas table highlights individual companies that behave independently from OGE.
Best Diversifiers for OGE
1 ETFs have low correlation with OGE (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 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.08 | 0.15 | 0.29 | 70 | S&P 500 | OGE vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.35 | 0.43 | 0.49 | 80 | Dividend | OGE vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OGE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OGE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.20, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.20 | -0.15 | -0.01 | 78 | Technology | |
| DuPont de Nemours, Inc. | 0.15 | 0.21 | 0.29 | 90 | Basic Materials | |
| AbbVie Inc. | 0.23 | 0.28 | 0.30 | 62 | Healthcare | |
| Entergy Corporation | 0.68 | 0.72 | 0.74 | 83 | Utilities | |
| WEC Energy Group, Inc. | 0.76 | 0.77 | 0.77 | 50 | Utilities |
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