Looking to balance out your exposure to ORKLY? The ETFs below have the lowest correlation with ORKLY — they tend to move on their own, which can help reduce risk when ORKLY drops. The stock ideas table highlights individual companies that behave independently from ORKLY.
Best Diversifiers for ORKLY
2 ETFs have low correlation with ORKLY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.12 | 0.17 | 0.28 | 59 | S&P 500 | ORKLY vs SPY | |
| Vanguard S&P 500 ETF | 0.13 | 0.17 | 0.28 | 59 | S&P 500 | ORKLY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORKLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORKLY and solid risk/return profiles. The least correlated is Kratos Defense & Security Solutions, Inc. (KTOS) (Industrials) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kratos Defense & Security Solutions, Inc. | -0.01 | 0.04 | 0.12 | 50 | Industrials | |
| Neurocrine Biosciences, Inc. | 0.05 | 0.08 | 0.12 | 67 | Healthcare | |
| Progyny, Inc. | 0.06 | 0.10 | 0.14 | 59 | Healthcare | |
| Centene Corporation | 0.08 | 0.07 | 0.16 | 52 | Healthcare | |
| Freeport-McMoRan Inc. | 0.09 | 0.13 | 0.24 | 75 | Basic Materials |
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