Looking to balance out your exposure to OPOF? The ETFs below have the lowest correlation with OPOF — they tend to move on their own, which can help reduce risk when OPOF drops. The stock ideas table highlights individual companies that behave independently from OPOF.
Best Diversifiers for OPOF
1 ETFs have low correlation with OPOF (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.14 | 0.13 | 0.09 | 66 | S&P 500 | OPOF vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPOF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPOF and solid risk/return profiles. The least correlated is Welltower Inc. (WELL) (Real Estate) with a 1Y correlation of -0.05, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Welltower Inc. | -0.05 | 0.01 | 0.02 | 82 | Real Estate | |
| Elbit Systems Ltd | -0.03 | 0.05 | 0.04 | 89 | Industrials | |
| Embraer S.A | 0.03 | 0.07 | 0.04 | 56 | Industrials | |
| Cardinal Health, Inc. | 0.04 | 0.02 | -0.00 | 74 | Healthcare | |
| RTX Corporation | 0.05 | 0.03 | 0.04 | 74 | Industrials |
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