Looking to balance out your exposure to SKIL? The ETFs below have the lowest correlation with SKIL — they tend to move on their own, which can help reduce risk when SKIL drops. The stock ideas table highlights individual companies that behave independently from SKIL.
Best Diversifiers for SKIL
1 ETFs have low correlation with SKIL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.23 | 0.27 | 0.32 | 70 | S&P 500 | SKIL vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SKIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKIL and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PHINIA Inc. | 0.16 | — | — | 92 | Consumer Cyclical |
Build a portfolio that complements SKIL
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