Looking to balance out your exposure to OVCHY? The ETFs below have the lowest correlation with OVCHY — they tend to move on their own, which can help reduce risk when OVCHY drops. The stock ideas table highlights individual companies that behave independently from OVCHY.
No Diversifiers Found for OVCHY
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 OVCHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OVCHY and solid risk/return profiles. The least correlated is Endesa SA ADR (ELEZY) (Utilities) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Endesa SA ADR | 0.10 | 0.05 | 0.10 | 83 | Utilities | |
| Norsk Hydro ASA ADR | 0.20 | 0.19 | 0.25 | 98 | Basic Materials | |
| AstraZeneca PLC | 0.24 | 0.15 | 0.17 | 70 | Healthcare | |
| Deutsche Lufthansa AG ADR | 0.29 | 0.19 | 0.24 | 60 | Industrials | |
| DBS Group Holdings Ltd ADR | 0.47 | 0.47 | 0.55 | 95 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements OVCHY
Add OVCHY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with OVCHY