Looking to balance out your exposure to MAXN? The ETFs below have the lowest correlation with MAXN — they tend to move on their own, which can help reduce risk when MAXN drops. The stock ideas table highlights individual companies that behave independently from MAXN.
No Diversifiers Found for MAXN
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 MAXN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MAXN and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.16 | -0.07 | -0.03 | 53 | Utilities | |
| General Electric Company | 0.09 | 0.14 | 0.19 | 65 | Industrials | |
| Ormat Technologies, Inc. | 0.17 | 0.29 | 0.34 | 92 | Utilities | |
| Apple Inc | 0.19 | 0.19 | 0.23 | 89 | Technology | |
| Bloom Energy Corporation | 0.21 | 0.31 | 0.42 | 99 | Industrials |
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