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
15 ETFs have low correlation with OKE (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.15, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.15 | 0.12 | 0.27 | 59 | Nasdaq-100 | OKE vs QQQ | |
| Invesco NASDAQ 100 ETF | -0.15 | 0.11 | 0.27 | 60 | Nasdaq-100 | OKE vs QQQM | |
| Vanguard Short-Term Corporate Bond ETF | -0.12 | 0.02 | 0.07 | 74 | Corporate Bonds | OKE vs VCSH | |
| VanEck Semiconductor ETF | -0.09 | 0.12 | 0.26 | 94 | Semiconductors, Technology Equities | OKE vs SMH | |
| Vanguard S&P 500 ETF | -0.07 | 0.23 | 0.41 | 60 | S&P 500 | OKE vs VOO |
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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 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.20 | 0.03 | 0.17 | 52 | Consumer Cyclical | |
| Lam Research Corporation | -0.17 | 0.06 | 0.21 | 98 | Technology | |
| Amphenol Corporation | -0.16 | 0.12 | 0.25 | 82 | Technology | |
| Micron Technology, Inc. | -0.14 | 0.08 | 0.19 | 99 | Technology | |
| Alphabet Inc. Class A | -0.14 | 0.01 | 0.17 | 96 | Communication Services |
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