Looking to balance out your exposure to GOOG.NEO? The ETFs below have the lowest correlation with GOOG.NEO — they tend to move on their own, which can help reduce risk when GOOG.NEO drops. The stock ideas table highlights individual companies that behave independently from GOOG.NEO.
No Diversifiers Found for GOOG.NEO
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 GOOG.NEO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GOOG.NEO and solid risk/return profiles. The least correlated is Alimentation Couche-Tard Inc. (ATD.TO) (Consumer Cyclical) with a 1Y correlation of 0.09, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Alimentation Couche-Tard Inc. | 0.09 | 0.12 | 0.19 | 57 | Consumer Cyclical | |
| Cameco Corporation | 0.26 | 0.27 | 0.28 | 84 | Energy |
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