Looking to balance out your exposure to ORI? The ETFs below have the lowest correlation with ORI — they tend to move on their own, which can help reduce risk when ORI drops. The stock ideas table highlights individual companies that behave independently from ORI.
Best Diversifiers for ORI
3 ETFs have low correlation with ORI (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 0.08, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.08 | 0.26 | 0.41 | 70 | S&P 500 | ORI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.26 | 0.41 | 70 | S&P 500 | ORI vs SPY | |
| Vanguard Extended Market ETF | 0.16 | 0.38 | 0.46 | 50 | Mid Cap Blend Equities | ORI vs VXF | |
| Vanguard High Dividend Yield ETF | 0.33 | 0.52 | 0.61 | 77 | Dividend | ORI vs VYM | |
| Schwab U.S. Dividend Equity ETF | 0.39 | 0.52 | 0.60 | 80 | Dividend | ORI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORI and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.19, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.19 | -0.00 | 0.10 | 98 | Technology | |
| NVIDIA Corporation | -0.17 | -0.06 | 0.10 | 78 | Technology | |
| Broadcom Inc. | -0.14 | 0.00 | 0.15 | 84 | Technology | |
| Vertiv Holdings Co. | -0.09 | 0.05 | 0.19 | 94 | Industrials | |
| Warrior Met Coal, Inc. | -0.08 | 0.12 | 0.21 | 90 | Basic Materials |
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