Looking to balance out your exposure to OPTX? The ETFs below have the lowest correlation with OPTX — they tend to move on their own, which can help reduce risk when OPTX drops. The stock ideas table highlights individual companies that behave independently from OPTX.
Best Diversifiers for OPTX
1 ETFs have low correlation with OPTX (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard International High Dividend Yield ETF | 0.25 | — | — | 70 | Dividend, Foreign Large Cap Equities | OPTX vs VYMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPTX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPTX and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXT, Inc. | 0.18 | — | — | 99 | Technology | |
| Lumentum Holdings Inc. | 0.20 | — | — | 99 | Technology | |
| Ichor Holdings, Ltd. | 0.25 | — | — | 93 | Technology | |
| Sandisk Corporation | 0.25 | — | — | 100 | Technology | |
| Applied Optoelectronics, Inc. | 0.26 | — | — | 98 | Technology |
See all 9 low-correlation stocks for OPTX
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Diversification Analysis
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