Looking to balance out your exposure to SAXPY? The ETFs below have the lowest correlation with SAXPY — they tend to move on their own, which can help reduce risk when SAXPY drops. The stock ideas table highlights individual companies that behave independently from SAXPY.
No Diversifiers Found for SAXPY
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 SAXPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAXPY and solid risk/return profiles. The least correlated is Installed Building Products, Inc. (IBP) (Industrials) with a 1Y correlation of 0.22, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Installed Building Products, Inc. | 0.22 | 0.20 | 0.24 | 53 | Industrials | |
| W. R. Berkley Corporation | 0.22 | 0.26 | 0.30 | 59 | Financial Services | |
| SwissCom AG | 0.26 | 0.29 | 0.29 | 66 | Communication Services | |
| Assicurazioni Generali SpA ADR | 0.45 | 0.42 | 0.45 | 89 | Financial Services | |
| Swiss Life Holding AG ADR | 0.47 | 0.28 | 0.29 | 73 | Financial Services |
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