Looking to balance out your exposure to SKE? The ETFs below have the lowest correlation with SKE — they tend to move on their own, which can help reduce risk when SKE drops. The stock ideas table highlights individual companies that behave independently from SKE.
No Diversifiers Found for SKE
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 SKE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKE and solid risk/return profiles. The least correlated is Rush Street Interactive, Inc. (RSI) (Consumer Cyclical) with a 1Y correlation of -0.05, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rush Street Interactive, Inc. | -0.05 | 0.07 | 0.12 | 88 | Consumer Cyclical | |
| AxoGen, Inc. | 0.02 | 0.10 | 0.13 | 99 | Healthcare | |
| UnitedHealth Group Incorporated | 0.04 | 0.01 | 0.06 | 68 | Healthcare | |
| Dave Inc. | 0.08 | 0.10 | 0.12 | 61 | Technology | |
| Royal Caribbean Cruises Ltd. | 0.08 | 0.07 | 0.11 | 54 | Consumer Cyclical |
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