Looking to balance out your exposure to OPTT? The ETFs below have the lowest correlation with OPTT — they tend to move on their own, which can help reduce risk when OPTT drops. The stock ideas table highlights individual companies that behave independently from OPTT.
Best Diversifiers for OPTT
0 ETFs have low correlation with OPTT (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.35, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.35 | 0.27 | 0.28 | 88 | Semiconductors, Technology Equities | OPTT vs SMH | |
| First Trust RBA American Industrial Renaissance ET... | 0.40 | 0.32 | 0.31 | 64 | Building & Construction | OPTT vs AIRR | |
| State Street SPDR S&P 500 ETF | 0.49 | 0.33 | 0.32 | 59 | S&P 500 | OPTT vs SPY | |
| Defiance Quantum ETF | 0.52 | 0.38 | 0.37 | 65 | Technology Equities | OPTT vs QTUM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPTT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPTT and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Communication Services) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.19 | 0.15 | 0.20 | 53 | Communication Services | |
| Rocket Lab USA, Inc. | 0.40 | 0.32 | 0.33 | 60 | Industrials | |
| Intuitive Machines, Inc. | 0.47 | 0.32 | 0.25 | 52 | Industrials |
Build a portfolio that complements OPTT
Add OPTT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OPTT