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
4 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 0.07, 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 | 0.07 | 0.12 | 0.07 | 85 | Inflation-Protected Bonds | OZK vs STIP | |
| Vanguard FTSE Pacific ETF | 0.26 | 0.40 | 0.45 | 70 | Asia Pacific Equities | OZK vs VPL | |
| Global X FTSE Southeast Asia ETF | 0.27 | 0.29 | 0.34 | 65 | Asia Pacific Equities | OZK vs ASEA | |
| FlexShares Morningstar Global Upstream Natural Res... | 0.27 | 0.38 | 0.43 | 54 | Natural Resources | OZK vs GUNR | |
| Vanguard FTSE Developed Markets ETF | 0.35 | 0.45 | 0.51 | 55 | Foreign Large Cap Equities | OZK vs VEA |
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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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | 0.01 | 0.06 | 0.18 | 74 | Consumer Defensive | |
| Altria Group, Inc. | 0.04 | 0.14 | 0.22 | 72 | Consumer Defensive | |
| Exxon Mobil Corporation | 0.06 | 0.19 | 0.28 | 72 | Energy | |
| Shell plc | 0.07 | 0.21 | 0.27 | 64 | Energy | |
| Bancolombia S.A. | 0.08 | 0.23 | 0.27 | 91 | Financial Services |
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