Looking to diversify beyond OPPJ? The ETFs below have historically moved differently from OPPJ, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OPPJ
455 ETFs have low correlation with OPPJ (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.17 | — | 51 | Cryptocurrency | OPPJ vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 69 | Derivative Income | OPPJ vs WNTR | |
| Invesco DB Energy Fund | -0.21 | -0.05 | 0.06 | 66 | Oil & Gas | OPPJ vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.17 | -0.01 | 0.04 | 51 | Nontraditional Bonds | OPPJ vs RISR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.17 | — | — | 96 | Inflation-Protected Bonds | OPPJ vs IBID |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OPPJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.14, down from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.14 | 0.09 | 0.18 | 83 | Financial Services | |
| The Travelers Companies, Inc. | -0.05 | 0.10 | 0.17 | 95 | Financial Services | |
| Western Midstream Partners, LP | -0.03 | 0.14 | 0.20 | 82 | Energy | |
| AbbVie Inc. | -0.03 | 0.08 | 0.11 | 76 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.00 | 0.08 | 0.15 | 84 | Consumer Defensive |
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