Looking to balance out your exposure to OR? The ETFs below have the lowest correlation with OR — they tend to move on their own, which can help reduce risk when OR drops. The stock ideas table highlights individual companies that behave independently from OR.
Best Diversifiers for OR
2 ETFs have low correlation with OR (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 0.24, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.24 | 0.24 | 0.24 | 70 | S&P 500 | OR vs VOO | |
| Astoria US Equal Weight Quality Kings ETF | 0.25 | 0.25 | 0.25 | 83 | Large Cap Value Equities | OR vs ROE | |
| Global X Copper Miners ETF | 0.46 | 0.47 | 0.48 | 75 | Materials | OR vs COPX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OR and solid risk/return profiles. The least correlated is Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.13, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.13 | 0.07 | 0.16 | 82 | Energy | |
| Verizon Communications Inc. | -0.05 | 0.07 | 0.14 | 59 | Communication Services | |
| Neurocrine Biosciences, Inc. | -0.03 | 0.02 | 0.08 | 68 | Healthcare | |
| Catalyst Pharmaceuticals, Inc. | -0.01 | 0.10 | 0.13 | 60 | Healthcare | |
| Palo Alto Networks, Inc. | 0.05 | 0.10 | 0.10 | 67 | Technology |
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