Looking to diversify beyond SKOR? The ETFs below have the lowest correlation with SKOR — 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 SKOR.
Best Diversifiers for SKOR
316 ETFs have low correlation with SKOR (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.52, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.52 | -0.48 | -0.51 | 61 | Leveraged Currency | SKOR vs YCS | |
| Fidelity Managed Futures ETF | -0.30 | — | — | 64 | Systematic Trend | SKOR vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.09 | -0.08 | 70 | Commodities | SKOR vs FAAR | |
| VanEck Commodity Strategy ETF | -0.25 | -0.08 | — | 55 | Commodities | SKOR vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.21 | -0.10 | -0.10 | 50 | Commodities | SKOR vs CERY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SKOR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKOR and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.25, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.25 | 0.17 | 0.22 | 52 | Consumer Cyclical |
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