Looking to diversify beyond SKF? The ETFs below have the lowest correlation with SKF — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SKF.
Best Diversifiers for SKF
1159 ETFs have low correlation with SKF (below 0.3), 1120 of which are negatively correlated. The least correlated is Amplify CWP Enhanced Dividend Income ETF (DIVO) (Derivative Income) with a 1Y correlation of -0.80, roughly unchanged from -0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amplify CWP Enhanced Dividend Income ETF | -0.80 | -0.79 | -0.83 | 61 | Derivative Income | SKF vs DIVO | |
| Global X Dow 30 Covered Call & Growth ETF | -0.79 | -0.81 | -0.81 | 53 | Derivative Income | SKF vs DYLG | |
| WisdomTree U.S. Total Dividend Fund | -0.79 | -0.83 | -0.87 | 72 | Large Cap Value Equities, Dividend | SKF vs DTD | |
| Federated Hermes MDT Large Cap Value ETF | -0.77 | -0.81 | -0.81 | 69 | Large Cap Value Equities | SKF vs FLCV | |
| Columbia U.S. Equity Income ETF | -0.77 | -0.77 | -0.83 | 54 | Large Cap Value Equities | SKF vs EQIN |
See all 1159 diversifiers for SKF
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