Looking to balance out your exposure to SATL? The ETFs below have the lowest correlation with SATL — they tend to move on their own, which can help reduce risk when SATL drops. The stock ideas table highlights individual companies that behave independently from SATL.
Best Diversifiers for SATL
0 ETFs have low correlation with SATL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Kensho Final Frontiers ETF (ROKT) (Industrials Equities) with a 1Y correlation of 0.52, up from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Kensho Final Frontiers ETF | 0.52 | 0.37 | 0.26 | 93 | Industrials Equities | SATL vs ROKT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SATL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SATL and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | 0.10 | 0.15 | 0.13 | 99 | Technology | |
| Credo Technology Group Holding Ltd | 0.19 | 0.17 | 0.16 | 85 | Technology | |
| EchoStar Corporation | 0.26 | 0.18 | 0.14 | 99 | Technology | |
| Gilat Satellite Networks Ltd | 0.43 | 0.31 | 0.24 | 87 | Technology | |
| Rocket Lab USA, Inc. | 0.48 | 0.37 | — | 93 | Industrials |
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