Looking to diversify beyond OPPJ? The ETFs below have the lowest correlation with OPPJ — 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 OPPJ.
Best Diversifiers for OPPJ
396 ETFs have low correlation with OPPJ (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.30, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.30 | -0.16 | -0.17 | 57 | Cryptocurrency | OPPJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | OPPJ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.25 | — | — | 68 | Inverse Equities, Leveraged Equities | OPPJ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.23 | — | — | 70 | Derivative Income | OPPJ vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.04 | 0.07 | 53 | Oil & Gas | OPPJ vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPPJ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPPJ and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.13, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.13 | 0.03 | 0.15 | 53 | Industrials | |
| The Allstate Corporation | -0.05 | 0.11 | 0.19 | 84 | Financial Services | |
| Western Midstream Partners, LP | -0.00 | 0.15 | 0.21 | 80 | Energy | |
| The Travelers Companies, Inc. | 0.01 | 0.12 | 0.18 | 91 | Financial Services | |
| Coca-Cola Consolidated, Inc. | 0.02 | 0.07 | 0.16 | 83 | Consumer Defensive |
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