Looking to balance out your exposure to SHAK? The ETFs below have the lowest correlation with SHAK — they tend to move on their own, which can help reduce risk when SHAK drops. The stock ideas table highlights individual companies that behave independently from SHAK.
Best Diversifiers for SHAK
1 ETFs have low correlation with SHAK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.26, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.26 | 0.38 | 0.48 | 73 | Nasdaq-100 | SHAK vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.33 | 0.43 | 0.49 | 70 | S&P 500 | SHAK vs SPY | |
| Vanguard S&P 500 ETF | 0.33 | 0.43 | 0.49 | 70 | S&P 500 | SHAK vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHAK and solid risk/return profiles. The least correlated is Universal Technical Institute, Inc. (UTI) (Consumer Defensive) with a 1Y correlation of 0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Universal Technical Institute, Inc. | 0.05 | 0.19 | 0.23 | 55 | Consumer Defensive | |
| Fortinet, Inc. | 0.05 | 0.19 | 0.31 | 66 | Technology | |
| Walmart Inc. | 0.05 | 0.16 | 0.17 | 63 | Consumer Defensive | |
| United States Antimony Corporation | 0.08 | 0.12 | 0.18 | 82 | Basic Materials | |
| Tesla, Inc. | 0.11 | 0.26 | 0.35 | 55 | Consumer Cyclical |
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