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
0 ETFs have low correlation with OPEX (below 0.3), 0 of which are negatively correlated. The least correlated is Innovator Growth Accelerated Plus ETF - July (QTJL) (Leveraged Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Innovator Growth Accelerated Plus ETF - July | 0.40 | 0.40 | — | 67 | Leveraged Equities | OPEX vs QTJL | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 0.42 | 0.42 | 0.42 | 72 | Leveraged Equities | OPEX vs XTJL | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.45 | 0.45 | 0.45 | 51 | Leveraged Equities, S&P 500 | OPEX vs SPUU |
Diversification Analysis
Build a portfolio that complements OPEX
Add OPEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OPEX