Looking to balance out your exposure to EDTK? The ETFs below have the lowest correlation with EDTK — they tend to move on their own, which can help reduce risk when EDTK drops. The stock ideas table highlights individual companies that behave independently from EDTK.
Best Diversifiers for EDTK
1 ETFs have low correlation with EDTK (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.05 | 0.00 | 0.09 | 70 | S&P 500 | EDTK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDTK and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.03 | -0.01 | 0.06 | 55 | Consumer Cyclical |
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