Looking to balance out your exposure to ORA? The ETFs below have the lowest correlation with ORA — they tend to move on their own, which can help reduce risk when ORA drops. The stock ideas table highlights individual companies that behave independently from ORA.
Best Diversifiers for ORA
1 ETFs have low correlation with ORA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of 0.00, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | 0.00 | 0.06 | 0.11 | 74 | Commodities | ORA vs PDBC | |
| Invesco QQQ ETF | 0.30 | 0.31 | 0.37 | 73 | Nasdaq-100 | ORA vs QQQ | |
| Vanguard FTSE All-World ex-US ETF | 0.33 | 0.42 | 0.44 | 60 | Foreign Large Cap Equities | ORA vs VEU | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.38 | 0.44 | 70 | S&P 500 | ORA vs SPY | |
| Vanguard S&P 500 ETF | 0.34 | 0.38 | 0.44 | 70 | S&P 500 | ORA vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORA and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.18, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.18 | -0.09 | 0.09 | 68 | Financial Services | |
| Exxon Mobil Corporation | -0.03 | 0.13 | 0.21 | 85 | Energy | |
| Tsakos Energy Navigation Ltd | -0.01 | 0.08 | 0.11 | 94 | Energy | |
| Danaos Corporation | 0.03 | 0.15 | 0.21 | 91 | Industrials | |
| Duke Energy Corporation | 0.04 | 0.21 | 0.25 | 53 | Utilities |
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Build a portfolio that complements ORA
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