Looking to balance out your exposure to ORKA? The ETFs below have historically moved differently from ORKA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ORKA
2 ETFs have low correlation with ORKA (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Holdings plc ADRhedged ETF | 0.15 | — | — | 94 | Financials Equities | ORKA vs HSBH | |
| Invesco QQQ ETF | 0.30 | 0.25 | 0.23 | 55 | Nasdaq-100 | ORKA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.27 | 0.24 | 72 | S&P 500 | ORKA vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ORKA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.07 | 0.09 | 0.07 | 69 | Real Estate | |
| Halliburton Company | -0.03 | 0.07 | 0.05 | 80 | Energy | |
| International Seaways, Inc. | 0.07 | 0.09 | 0.08 | 98 | Industrials | |
| Calumet Specialty Products Partners, L.P. | 0.08 | — | — | 98 | Energy | |
| Entravision Communications Corporation | 0.17 | 0.17 | 0.17 | 99 | Communication Services |
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