Looking to balance out your exposure to OLPX? The ETFs below have the lowest correlation with OLPX — they tend to move on their own, which can help reduce risk when OLPX drops. The stock ideas table highlights individual companies that behave independently from OLPX.
Best Diversifiers for OLPX
1 ETFs have low correlation with OLPX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.21 | 0.26 | — | 70 | S&P 500 | OLPX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OLPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OLPX and solid risk/return profiles. The least correlated is Baidu, Inc. (BIDU) (Communication Services) with a 1Y correlation of 0.05, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baidu, Inc. | 0.05 | 0.18 | — | 72 | Communication Services | |
| The RealReal, Inc. | 0.20 | 0.30 | — | 66 | Consumer Cyclical |
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