Looking to balance out your exposure to SKBSY? The ETFs below have the lowest correlation with SKBSY — they tend to move on their own, which can help reduce risk when SKBSY drops. The stock ideas table highlights individual companies that behave independently from SKBSY.
No Diversifiers Found for SKBSY
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 SKBSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKBSY and solid risk/return profiles. The least correlated is Pfizer Inc. (PFE) (Healthcare) with a 1Y correlation of 0.29, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Pfizer Inc. | 0.29 | 0.22 | 0.21 | 64 | Healthcare | |
| Schneider Electric SA | 0.51 | 0.51 | 0.52 | 67 | Industrials |
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