Looking to balance out your exposure to OTIS? The ETFs below have the lowest correlation with OTIS — they tend to move on their own, which can help reduce risk when OTIS drops. The stock ideas table highlights individual companies that behave independently from OTIS.
Best Diversifiers for OTIS
3 ETFs have low correlation with OTIS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.12, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.12 | 0.28 | 0.42 | 73 | Nasdaq-100 | OTIS vs QQQ | |
| Vanguard S&P 500 ETF | 0.24 | 0.42 | 0.54 | 70 | S&P 500 | OTIS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.42 | 0.54 | 70 | S&P 500 | OTIS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OTIS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OTIS and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.10 | 0.10 | 0.16 | 69 | Energy | |
| NVIDIA Corporation | -0.08 | 0.08 | 0.25 | 78 | Technology | |
| Fortinet, Inc. | -0.05 | 0.12 | 0.30 | 66 | Technology | |
| Cloudflare, Inc. | -0.04 | 0.13 | 0.24 | 67 | Technology | |
| Tesla, Inc. | 0.02 | 0.14 | 0.22 | 55 | Consumer Cyclical |
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