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
316 ETFs have low correlation with OPPJ (below 0.3), 41 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.18 | -0.03 | 0.06 | 55 | Oil & Gas | OPPJ vs UGA | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.14 | — | — | 95 | Inflation-Protected Bonds | OPPJ vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.12 | — | — | 98 | Ultrashort Bond | OPPJ vs BAMU | |
| Alpha Architect 1-3 Month Box ETF | -0.11 | -0.01 | -0.03 | 100 | Ultrashort Bond | OPPJ vs BOXX | |
| ProShares UltraShort Yen | -0.10 | 0.15 | 0.19 | 63 | Leveraged Currency | OPPJ vs YCS |
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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 Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.03 | 0.10 | 0.19 | 85 | Consumer Defensive | |
| AbbVie Inc. | 0.05 | 0.09 | 0.13 | 75 | Healthcare | |
| Walmart Inc. | 0.14 | 0.14 | 0.17 | 69 | Consumer Defensive | |
| Linde plc | 0.15 | 0.23 | 0.32 | 60 | Basic Materials | |
| Sandisk Corporation | 0.24 | — | — | 100 | Technology |
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