Looking to balance out your exposure to OGN? The ETFs below have historically moved differently from OGN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OGN
1 ETFs have low correlation with OGN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Health Care Select Sector SPDR ETF (XLV) (Health & Biotech Equities) with a 1Y correlation of 0.24, down from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Health Care Select Sector SPDR ETF | 0.24 | 0.39 | 0.44 | 72 | Health & Biotech Equities | OGN vs XLV |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OGN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | 0.13 | 0.19 | 66 | Consumer Defensive | |
| HF Sinclair Corp | -0.02 | 0.11 | 0.16 | 96 | Energy | |
| Chord Energy Corp | -0.01 | 0.16 | 0.19 | 69 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.10 | 0.14 | 87 | Consumer Defensive | |
| RTX Corporation | 0.03 | 0.12 | 0.20 | 82 | Industrials |
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