Looking to diversify beyond OGIG? The ETFs below have the lowest correlation with OGIG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OGIG.
Best Diversifiers for OGIG
518 ETFs have low correlation with OGIG (below 0.3), 70 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.45, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.45 | -0.45 | -0.45 | 99 | Leveraged Equities, Semiconductors | OGIG vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.46 | -0.46 | 65 | Inverse Equities, Leveraged Equities | OGIG vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | OGIG vs WNTR | |
| ProShares Short Bitcoin ETF | -0.38 | -0.34 | -0.37 | 53 | Cryptocurrency | OGIG vs BITI | |
| iShares Core High Dividend ETF | -0.19 | 0.05 | 0.21 | 74 | Dividend, Large Cap Value Equities | OGIG vs HDV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OGIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OGIG and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.40, down from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.40 | 0.47 | 0.53 | 62 | Consumer Cyclical |
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