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
139 ETFs have low correlation with OPPJ (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.04 | 0.08 | 71 | Oil & Gas | OPPJ vs DBE | |
| United States Oil Fund LP | -0.19 | 0.00 | 0.08 | 66 | Oil & Gas | OPPJ vs USO | |
| United States Gasoline Fund LP | -0.17 | -0.03 | 0.07 | 69 | Oil & Gas | OPPJ vs UGA | |
| United States 12 Month Oil Fund LP | -0.17 | -0.00 | 0.09 | 56 | Oil & Gas | OPPJ vs USL | |
| Invesco DB Oil Fund | -0.16 | 0.01 | 0.09 | 65 | Oil & Gas | OPPJ vs DBO |
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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 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.05 | 0.09 | 0.21 | 79 | Consumer Defensive | |
| AbbVie Inc. | 0.08 | 0.09 | 0.13 | 62 | Healthcare | |
| Linde plc | 0.16 | 0.23 | 0.32 | 52 | Basic Materials | |
| Walmart Inc. | 0.17 | 0.15 | 0.18 | 63 | Consumer Defensive | |
| Sandisk Corp | 0.19 | — | — | 100 | Technology |
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