Looking to balance out your exposure to OSPN? The ETFs below have the lowest correlation with OSPN — they tend to move on their own, which can help reduce risk when OSPN drops. The stock ideas table highlights individual companies that behave independently from OSPN.
Best Diversifiers for OSPN
0 ETFs have low correlation with OSPN (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 0.42, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.47 | 0.47 | 66 | S&P 500 | OSPN vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OSPN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OSPN and solid risk/return profiles. The least correlated is Sterling Construction Company, Inc. (STRL) (Industrials) with a 1Y correlation of 0.11, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sterling Construction Company, Inc. | 0.11 | 0.28 | 0.32 | 97 | Industrials | |
| Jabil Inc. | 0.14 | 0.32 | 0.33 | 91 | Technology | |
| Fluence Energy, Inc. | 0.16 | 0.30 | — | 92 | Utilities | |
| Broadcom Inc. | 0.20 | 0.32 | 0.34 | 71 | Technology | |
| Innodata Inc. | 0.31 | 0.34 | 0.32 | 75 | Technology |
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