Looking to balance out your exposure to SKM? The ETFs below have historically moved differently from SKM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SKM
2 ETFs have low correlation with SKM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.09, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.23 | 0.30 | 95 | Dividend | SKM vs SCHD | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.27 | 0.32 | 67 | S&P 500 | SKM vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SKM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BlackBerry Limited (BB) (Technology) with a 1Y correlation of 0.07, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackBerry Limited | 0.07 | 0.12 | 0.23 | 90 | Technology | |
| Verizon Communications Inc. | 0.10 | 0.15 | 0.17 | 66 | Communication Services | |
| Alphabet Inc. Class A | 0.12 | 0.13 | 0.22 | 95 | Communication Services | |
| Vistance Networks, Inc | 0.14 | 0.12 | 0.18 | 99 | Technology | |
| Equinix, Inc. | 0.15 | 0.18 | 0.22 | 82 | Real Estate |
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