Looking to balance out your exposure to OKE? The ETFs below have the lowest correlation with OKE — they tend to move on their own, which can help reduce risk when OKE drops. The stock ideas table highlights individual companies that behave independently from OKE.
Best Diversifiers for OKE
16 ETFs have low correlation with OKE (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.14, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.14 | 0.13 | 0.28 | 74 | Nasdaq-100 | OKE vs QQQM | |
| Invesco QQQ ETF | -0.14 | 0.13 | 0.28 | 73 | Nasdaq-100 | OKE vs QQQ | |
| Vanguard S&P 500 Growth ETF | -0.14 | 0.15 | 0.31 | 58 | S&P 500, Large Cap Growth Equities | OKE vs VOOG | |
| Vanguard Short-Term Corporate Bond ETF | -0.12 | 0.02 | 0.08 | 74 | Corporate Bonds | OKE vs VCSH | |
| VanEck Semiconductor ETF | -0.09 | 0.13 | 0.27 | 96 | Semiconductors, Technology Equities | OKE vs SMH |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OKE and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.20 | 0.04 | 0.18 | 60 | Consumer Cyclical | |
| Lam Research Corporation | -0.18 | 0.07 | 0.22 | 98 | Technology | |
| Alphabet Inc. Class A | -0.15 | 0.01 | 0.17 | 96 | Communication Services | |
| Amphenol Corporation | -0.12 | 0.14 | 0.26 | 77 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.12 | 0.10 | 0.20 | 95 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OKE
Add OKE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OKE