Looking to balance out your exposure to ORKA? The ETFs below have the lowest correlation with ORKA — they tend to move on their own, which can help reduce risk when ORKA drops. The stock ideas table highlights individual companies that behave independently from ORKA.
Best Diversifiers for ORKA
1 ETFs have low correlation with ORKA (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.28, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.24 | 0.23 | 59 | Nasdaq-100 | ORKA vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.27 | 0.24 | 70 | S&P 500 | ORKA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORKA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORKA and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.05 | 0.09 | 0.08 | 74 | Real Estate | |
| Halliburton Company | -0.03 | 0.07 | 0.06 | 89 | Energy | |
| NVIDIA Corporation | 0.21 | 0.14 | 0.14 | 66 | Technology | |
| ZIM Integrated Shipping Services Ltd. | 0.21 | 0.11 | 0.11 | 82 | Industrials | |
| Microchip Technology Incorporated | 0.26 | 0.22 | 0.21 | 60 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ORKA
Add ORKA to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ORKA