Looking to balance out your exposure to OVCHY? The ETFs below have historically moved differently from OVCHY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for OVCHY
1 ETFs have low correlation with OVCHY (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Artificial Intelligence and Big Data ETF | 0.16 | — | — | 69 | Artificial Intelligence, Technology Equities | OVCHY vs XAIX |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for OVCHY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is AXIS Capital Holdings Limited (AXS) (Financial Services) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AXIS Capital Holdings Limited | 0.03 | 0.02 | 0.09 | 64 | Financial Services | |
| Visa Inc. | 0.04 | 0.04 | 0.15 | 55 | Financial Services | |
| China Merchants Bank Co Ltd | 0.08 | 0.13 | 0.19 | 52 | Financial Services | |
| Endesa SA ADR | 0.11 | 0.06 | 0.11 | 96 | Utilities | |
| Norsk Hydro ASA ADR | 0.17 | 0.18 | 0.24 | 81 | Basic Materials |
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