Looking to balance out your exposure to OPRX? The ETFs below have historically moved differently from OPRX, 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 OPRX
0 ETFs have low correlation with OPRX (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.41, roughly unchanged from 0.44 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.41 | 0.38 | 0.44 | 78 | S&P 500 | OPRX vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OPRX, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.05 | -0.01 | 0.07 | 65 | Financial Services | |
| Innovex International, Inc | 0.06 | 0.12 | 0.15 | 86 | Energy | |
| First Solar, Inc. | 0.09 | 0.15 | 0.22 | 61 | Technology | |
| Micron Technology, Inc. | 0.11 | 0.20 | 0.29 | 99 | Technology | |
| Telefônica Brasil S.A. | 0.11 | 0.09 | 0.09 | 63 | Communication Services |
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