Looking to balance out your exposure to PKX? The ETFs below have the lowest correlation with PKX — they tend to move on their own, which can help reduce risk when PKX drops. The stock ideas table highlights individual companies that behave independently from PKX.
Best Diversifiers for PKX
0 ETFs have low correlation with PKX (below 0.3), 0 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 0.33, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.33 | 0.38 | 0.40 | 74 | S&P 500 | PKX vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PKX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PKX and solid risk/return profiles. The least correlated is Nucor Corporation (NUE) (Basic Materials) with a 1Y correlation of 0.23, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nucor Corporation | 0.23 | 0.26 | 0.36 | 96 | Basic Materials | |
| DuPont de Nemours, Inc. | 0.29 | 0.32 | 0.39 | 90 | Basic Materials | |
| ArcelorMittal | 0.36 | 0.38 | 0.47 | 93 | Basic Materials | |
| KB Financial Group Inc. | 0.43 | 0.41 | 0.45 | 72 | Financial Services |
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