Looking to balance out your exposure to OPRA? The ETFs below have the lowest correlation with OPRA — they tend to move on their own, which can help reduce risk when OPRA drops. The stock ideas table highlights individual companies that behave independently from OPRA.
Best Diversifiers for OPRA
2 ETFs have low correlation with OPRA (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.06, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.06 | 0.21 | 0.22 | 80 | Dividend | OPRA vs SCHD | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.12 | 0.27 | 0.30 | 87 | Materials | OPRA vs REMX | |
| Vanguard S&P 500 ETF | 0.40 | 0.46 | 0.43 | 70 | S&P 500 | OPRA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.46 | 0.43 | 70 | S&P 500 | OPRA vs SPY | |
| Global X Artificial Intelligence & Technology ETF | 0.48 | 0.51 | 0.48 | 81 | Technology Equities | OPRA vs AIQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPRA and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.21 | -0.08 | -0.04 | 66 | Consumer Defensive | |
| Permian Resources Corporation | -0.12 | 0.18 | — | 81 | Energy | |
| Kinder Morgan, Inc. | -0.08 | 0.15 | 0.15 | 60 | Energy | |
| RenaissanceRe Holdings Ltd. | -0.06 | 0.03 | 0.06 | 58 | Financial Services | |
| Petróleo Brasileiro S.A. - Petrobras | -0.05 | 0.08 | 0.08 | 86 | Energy |
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