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
1064 ETFs have low correlation with SKF (below 0.3), 1048 of which are negatively correlated. The least correlated is Invesco KBW Bank ETF (KBWB) (Financials Equities) with a 1Y correlation of -0.86, roughly unchanged from -0.89 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco KBW Bank ETF | -0.86 | -0.87 | -0.89 | 56 | Financials Equities | SKF vs KBWB | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | -0.84 | -0.85 | -0.85 | 57 | Leveraged Equities | SKF vs BNKU | |
| Amplify CWP Enhanced Dividend Income ETF | -0.80 | -0.80 | -0.83 | 60 | Derivative Income | SKF vs DIVO | |
| State Street SPDR Dow Jones Industrial Average ETF... | -0.79 | -0.81 | -0.86 | 56 | Large Cap Blend Equities | SKF vs DIA | |
| Global X Dow 30 Covered Call & Growth ETF | -0.79 | — | — | 60 | Derivative Income | SKF vs DYLG |
See all 1064 diversifiers for SKF
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