Looking to balance out your exposure to OTEX? The ETFs below have the lowest correlation with OTEX — they tend to move on their own, which can help reduce risk when OTEX drops. The stock ideas table highlights individual companies that behave independently from OTEX.
Best Diversifiers for OTEX
0 ETFs have low correlation with OTEX (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, down from 0.62 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.42 | 0.54 | 0.62 | 74 | S&P 500 | OTEX vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.54 | 0.62 | 74 | S&P 500 | OTEX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OTEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OTEX and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | 0.03 | 0.09 | 73 | Consumer Defensive | |
| Chubb Limited | -0.07 | 0.03 | 0.17 | 57 | Financial Services | |
| China Yuchai International Limited | 0.06 | 0.06 | 0.16 | 95 | Industrials | |
| ASML Holding N.V. | 0.11 | 0.32 | 0.45 | 94 | Technology | |
| Applied Industrial Technologies, Inc. | 0.12 | 0.34 | 0.39 | 79 | Industrials |
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