Looking to diversify beyond OPEG? The ETFs below have the lowest correlation with OPEG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from OPEG.
Best Diversifiers for OPEG
3 ETFs have low correlation with OPEG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily PANW Bull 2X Shares (PALU) (Leveraged Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily PANW Bull 2X Shares | 0.19 | 0.19 | 0.19 | 60 | Leveraged Equities | OPEG vs PALU | |
| Direxion Daily AAPL Bull 2X Shares | 0.19 | 0.19 | — | 82 | Leveraged Equities | OPEG vs AAPU | |
| T-Rex 2X Long Apple Daily Target ETF | 0.19 | — | — | 78 | Leveraged Equities | OPEG vs AAPX | |
| GraniteShares 2x Long TSM Daily ETF | 0.34 | 0.34 | 0.34 | 62 | Leveraged Equities | OPEG vs TSMU | |
| ETRACS 2x Leveraged US Size Factor TR ETN | 0.39 | 0.39 | 0.39 | 67 | Leveraged Equities | OPEG vs IWML |
See all 8 diversifiers for OPEG
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Diversification Analysis
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