Looking to balance out your exposure to OZK? The ETFs below have the lowest correlation with OZK — they tend to move on their own, which can help reduce risk when OZK drops. The stock ideas table highlights individual companies that behave independently from OZK.
Best Diversifiers for OZK
6 ETFs have low correlation with OZK (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-5 Year TIPS Bond ETF (STIP) (Inflation-Protected Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-5 Year TIPS Bond ETF | 0.02 | 0.10 | 0.07 | 93 | Inflation-Protected Bonds | OZK vs STIP | |
| iShares Global Energy ETF | 0.14 | 0.30 | 0.37 | 76 | Energy Equities | OZK vs IXC | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.26 | 0.39 | 0.44 | 84 | Commodity Producers Equities | OZK vs GUNR | |
| Vanguard FTSE Emerging Markets ETF | 0.26 | 0.32 | 0.38 | 56 | Emerging Markets Equities | OZK vs VWO | |
| Global X FTSE Southeast Asia ETF | 0.28 | 0.28 | 0.34 | 56 | Asia Pacific Equities | OZK vs ASEA |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from OZK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to OZK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.00, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.00 | 0.15 | 0.22 | 69 | Consumer Defensive | |
| The Coca-Cola Company | 0.01 | 0.06 | 0.17 | 66 | Consumer Defensive | |
| CVS Health Corporation | 0.04 | 0.18 | 0.27 | 80 | Healthcare | |
| Shell plc | 0.06 | 0.22 | 0.27 | 80 | Energy | |
| Suncor Energy Inc. | 0.06 | 0.22 | 0.29 | 95 | Energy |
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