Looking to balance out your exposure to OTTR? The ETFs below have the lowest correlation with OTTR — they tend to move on their own, which can help reduce risk when OTTR drops. The stock ideas table highlights individual companies that behave independently from OTTR.
No Diversifiers Found for OTTR
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OTTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OTTR and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.13, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.13 | 0.23 | 0.22 | 74 | Energy | |
| Waste Management, Inc. | 0.22 | 0.21 | 0.28 | 56 | Industrials | |
| PG&E Corporation | 0.31 | 0.29 | 0.32 | 78 | Utilities | |
| NextEra Energy, Inc. | 0.32 | 0.28 | 0.37 | 73 | Utilities | |
| Xcel Energy Inc. | 0.34 | 0.32 | 0.39 | 74 | Utilities |
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