Looking to balance out your exposure to OPAL? The ETFs below have the lowest correlation with OPAL — they tend to move on their own, which can help reduce risk when OPAL drops. The stock ideas table highlights individual companies that behave independently from OPAL.
No Diversifiers Found for OPAL
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPAL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPAL and solid risk/return profiles. The least correlated is Rolls-Royce Holdings plc (RYCEY) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings plc | 0.15 | 0.13 | — | 72 | Industrials |
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