Looking to balance out your exposure to ORIC? The ETFs below have the lowest correlation with ORIC — they tend to move on their own, which can help reduce risk when ORIC drops. The stock ideas table highlights individual companies that behave independently from ORIC.
Best Diversifiers for ORIC
1 ETFs have low correlation with ORIC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.24, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.24 | 0.23 | 0.26 | 73 | Nasdaq-100 | ORIC vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORIC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORIC and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.02 | 0.02 | 0.05 | 83 | Energy | |
| UnitedHealth Group Incorporated | 0.02 | 0.06 | 0.06 | 61 | Healthcare | |
| Planet Labs PBC | 0.19 | 0.28 | 0.27 | 99 | Industrials | |
| Roivant Sciences Ltd. | 0.34 | 0.34 | — | 98 | Healthcare |
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