Looking to balance out your exposure to OKE? The ETFs below have historically moved differently from OKE, 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 OKE
21 ETFs have low correlation with OKE (below 0.3), 15 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of -0.21, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | -0.21 | 0.09 | 0.25 | 56 | Nasdaq-100 | OKE vs QQQM | |
| Invesco QQQ ETF | -0.21 | 0.09 | 0.25 | 55 | Nasdaq-100 | OKE vs QQQ | |
| Vanguard S&P 500 ETF | -0.18 | 0.19 | 0.38 | 72 | S&P 500 | OKE vs VOO | |
| Vanguard Short-Term Corporate Bond ETF | -0.18 | -0.02 | 0.07 | 68 | Corporate Bonds | OKE vs VCSH | |
| State Street SPDR S&P 500 ETF | -0.17 | 0.19 | 0.38 | 72 | S&P 500 | OKE vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OKE, 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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.23, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.23 | 0.01 | 0.16 | 70 | Consumer Cyclical | |
| Lam Research Corporation | -0.21 | 0.04 | 0.19 | 96 | Technology | |
| Micron Technology, Inc. | -0.20 | 0.06 | 0.17 | 99 | Technology | |
| Alphabet Inc. Class A | -0.19 | -0.01 | 0.15 | 95 | Communication Services | |
| Amphenol Corporation | -0.19 | 0.09 | 0.23 | 78 | Technology |
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