Looking to diversify beyond OPEX? The ETFs below have the lowest correlation with OPEX — 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 OPEX.
Best Diversifiers for OPEX
1 ETFs have low correlation with OPEX (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long INTC Daily ETF (INTW) (Leveraged Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long INTC Daily ETF | 0.27 | 0.27 | 0.27 | 97 | Leveraged Equities | OPEX vs INTW | |
| Leverage Shares 2X Long ARM Daily ETF | 0.30 | 0.30 | 0.30 | 84 | Leveraged Equities | OPEX vs ARMG | |
| Leverage Shares 2X Long AMD Daily ETF | 0.36 | 0.36 | 0.36 | 96 | Leveraged Equities | OPEX vs AMDG | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.43 | 0.43 | 0.43 | 71 | Leveraged Equities | OPEX vs XTJL | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.47 | 0.47 | 0.47 | 63 | Leveraged Equities, S&P 500 | OPEX vs SPUU |
Diversification Analysis
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