Looking to balance out your exposure to OPCH? The ETFs below have the lowest correlation with OPCH — they tend to move on their own, which can help reduce risk when OPCH drops. The stock ideas table highlights individual companies that behave independently from OPCH.
Best Diversifiers for OPCH
6 ETFs have low correlation with OPCH (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.10 | 0.17 | 0.30 | 83 | Technology Equities | OPCH vs XLK | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.14 | 0.24 | 0.36 | 79 | Alternative Energy Equities | OPCH vs GRID | |
| VanEck Semiconductor ETF | 0.14 | 0.16 | 0.27 | 96 | Semiconductors, Technology Equities | OPCH vs SMH | |
| VanEck Vectors Investment Grade Floating Rate ETF | 0.14 | 0.05 | 0.08 | 99 | Corporate Bonds | OPCH vs FLTR | |
| Invesco QQQ ETF | 0.16 | 0.20 | 0.33 | 73 | Nasdaq-100 | OPCH vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPCH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPCH and solid risk/return profiles. The least correlated is Repsol SA (REPYY) (Energy) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.09 | -0.01 | 0.08 | 95 | Energy | |
| Elbit Systems Ltd | -0.02 | 0.09 | 0.15 | 88 | Industrials | |
| Insmed Incorporated | 0.03 | 0.16 | 0.26 | 62 | Healthcare | |
| Kinder Morgan, Inc. | 0.04 | 0.14 | 0.21 | 60 | Energy | |
| Eli Lilly and Company | 0.12 | 0.17 | 0.23 | 72 | Healthcare |
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