Looking to balance out your exposure to SKBSY? The ETFs below have historically moved differently from SKBSY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
No Diversifiers Found for SKBSY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SKBSY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.19, roughly unchanged from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.19 | 0.19 | 0.20 | 64 | Healthcare | |
| Schneider Electric SA | 0.52 | 0.53 | 0.52 | 71 | Industrials |
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