Looking to balance out your exposure to BOOM? The ETFs below have the lowest correlation with BOOM — they tend to move on their own, which can help reduce risk when BOOM drops. The stock ideas table highlights individual companies that behave independently from BOOM.
No Diversifiers Found for BOOM
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 BOOM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BOOM and solid risk/return profiles. The least correlated is Carpenter Technology Corporation (CRS) (Industrials) with a 1Y correlation of 0.05, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Carpenter Technology Corporation | 0.05 | 0.19 | 0.31 | 88 | Industrials |
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