Looking to balance out your exposure to OPXS? The ETFs below have historically moved differently from OPXS, 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 OPXS
0 ETFs have low correlation with OPXS (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 0.39, up from 0.16 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 | 0.39 | 0.24 | 0.16 | 72 | S&P 500 | OPXS vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.24 | 0.16 | 72 | S&P 500 | OPXS vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OPXS, 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 Singapore Telecommunications PK (SGAPY) (Communication Services) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Singapore Telecommunications PK | -0.07 | -0.00 | 0.02 | 63 | Communication Services | |
| Permian Basin Royalty Trust | 0.00 | 0.03 | 0.02 | 96 | Energy | |
| United Therapeutics Corporation | 0.07 | 0.04 | 0.04 | 93 | Healthcare | |
| Kulicke and Soffa Industries, Inc. | 0.19 | 0.13 | 0.10 | 96 | Technology | |
| Howmet Aerospace Inc. | 0.22 | 0.16 | 0.11 | 89 | Industrials |
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