Looking to balance out your exposure to OPXS? The ETFs below have the lowest correlation with OPXS — they tend to move on their own, which can help reduce risk when OPXS drops. The stock ideas table highlights individual companies that behave independently from OPXS.
Best Diversifiers for OPXS
0 ETFs have low correlation with OPXS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.22 | 0.15 | 59 | S&P 500 | OPXS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.22 | 0.15 | 59 | S&P 500 | OPXS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OPXS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OPXS and solid risk/return profiles. The least correlated is United Therapeutics Corporation (UTHR) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| United Therapeutics Corporation | 0.07 | 0.03 | 0.04 | 94 | Healthcare | |
| Teekay Corporation | 0.10 | 0.11 | 0.09 | 88 | Energy | |
| Kulicke and Soffa Industries, Inc. | 0.17 | 0.11 | 0.10 | 99 | Technology | |
| Howmet Aerospace Inc. | 0.22 | 0.16 | 0.11 | 85 | Industrials | |
| Advantest Corp DRC | 0.27 | 0.18 | 0.12 | 91 | Technology |
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