Looking to balance out your exposure to REED? The ETFs below have the lowest correlation with REED — they tend to move on their own, which can help reduce risk when REED drops. The stock ideas table highlights individual companies that behave independently from REED.
No Diversifiers Found for REED
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 REED, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REED and solid risk/return profiles. The least correlated is The Andersons, Inc. (ANDE) (Consumer Defensive) with a 1Y correlation of 0.02, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Andersons, Inc. | 0.02 | 0.01 | 0.05 | 96 | Consumer Defensive |
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