Looking to balance out your exposure to OPCH? The ETFs below have historically moved differently from OPCH, 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 OPCH
6 ETFs have low correlation with OPCH (below 0.3), 3 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.06, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.06 | 0.11 | 0.26 | 62 | Technology Equities | OPCH vs XLK | |
| VanEck Semiconductor ETF | -0.04 | 0.10 | 0.23 | 88 | Semiconductors, Technology Equities | OPCH vs SMH | |
| First Trust NASDAQ Clean Edge Smart Grid Infrastru... | -0.04 | 0.18 | 0.31 | 53 | Infrastructure Equities, Alternative Energy Equities, Energy Equities | OPCH vs GRID | |
| Invesco QQQ ETF | 0.01 | 0.15 | 0.30 | 58 | Nasdaq-100 | OPCH vs QQQ | |
| Vanguard S&P 500 ETF | 0.10 | 0.25 | 0.37 | 78 | S&P 500 | OPCH vs VOO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OPCH, 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 Repsol SA (REPYY) (Energy) with a 1Y correlation of -0.15, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Repsol SA | -0.15 | -0.04 | 0.06 | 97 | Energy | |
| Banco Macro S.A. | -0.07 | 0.05 | 0.12 | 67 | Financial Services | |
| Grupo Financiero Galicia S.A. | -0.05 | 0.04 | 0.12 | 50 | Financial Services | |
| Elbit Systems Ltd. | -0.05 | 0.08 | 0.13 | 86 | Industrials | |
| Kinder Morgan, Inc. | 0.05 | 0.15 | 0.21 | 69 | Energy |
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