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.
Best Diversifiers for OVCHY
1 ETFs have low correlation with OVCHY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence and Big Data ETF | 0.19 | — | — | 70 | Technology Equities | OVCHY vs XAIX |
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 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Endesa SA ADR | 0.09 | 0.05 | 0.10 | 84 | Utilities | |
| Grupo Aeroportuario del Pacífico, S.A.B. de C.V. | 0.17 | 0.13 | 0.19 | 54 | Industrials | |
| Norsk Hydro ASA ADR | 0.21 | 0.19 | 0.25 | 89 | Basic Materials | |
| AstraZeneca PLC | 0.24 | 0.16 | 0.17 | 76 | Healthcare | |
| Ryanair Holdings plc | 0.25 | 0.20 | 0.24 | 55 | Industrials |
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