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), 1 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | -0.05 | -0.03 | 66 | Oil & Gas | ORKA vs USO | |
| State Street SPDR S&P 500 ETF | 0.31 | 0.27 | 0.24 | 74 | 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 Halliburton Company (HAL) (Energy) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halliburton Company | -0.03 | 0.07 | 0.06 | 94 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.16 | 0.09 | 0.12 | 76 | Industrials | |
| Dyne Therapeutics, Inc. | 0.44 | 0.34 | 0.31 | 59 | Healthcare |
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