Looking to balance out your exposure to ORKLY? The ETFs below have historically moved differently from ORKLY, 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 ORKLY
2 ETFs have low correlation with ORKLY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.12, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.12 | 0.16 | 0.27 | 68 | S&P 500 | ORKLY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.12 | 0.16 | 0.27 | 67 | S&P 500 | ORKLY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for ORKLY, 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 Adecoagro S.A. (AGRO) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Adecoagro S.A. | -0.01 | 0.06 | 0.12 | 53 | Consumer Defensive | |
| Freeport-McMoRan Inc. | 0.04 | 0.11 | 0.22 | 78 | Basic Materials | |
| Norsk Hydro ASA ADR | 0.05 | 0.16 | 0.25 | 81 | Basic Materials | |
| Lockheed Martin Corporation | 0.10 | 0.10 | 0.13 | 80 | Industrials | |
| Neurocrine Biosciences, Inc. | 0.11 | 0.10 | 0.12 | 71 | Healthcare |
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