Looking to balance out your exposure to SKT? The ETFs below have the lowest correlation with SKT — they tend to move on their own, which can help reduce risk when SKT drops. The stock ideas table highlights individual companies that behave independently from SKT.
Best Diversifiers for SKT
3 ETFs have low correlation with SKT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.11, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.11 | 0.26 | 0.38 | 59 | Nasdaq-100 | SKT vs QQQ | |
| Vanguard S&P 500 ETF | 0.26 | 0.39 | 0.49 | 60 | S&P 500 | SKT vs VOO | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.39 | 0.49 | 60 | S&P 500 | SKT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SKT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKT and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.05, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.05 | 0.14 | 0.27 | 93 | Industrials | |
| NVIDIA Corporation | -0.03 | 0.09 | 0.24 | 70 | Technology | |
| Credo Technology Group Holding Ltd | -0.03 | 0.11 | — | 86 | Technology | |
| Celestica Inc. | -0.00 | 0.14 | 0.26 | 88 | Technology | |
| GE Vernova Inc. | 0.03 | 0.14 | 0.14 | 89 | Industrials |
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