Looking to balance out your exposure to SKY? The ETFs below have historically moved differently from SKY, 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 SKY
0 ETFs have low correlation with SKY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, down from 0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.47 | 0.55 | 68 | S&P 500 | SKY vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.47 | 0.55 | 67 | S&P 500 | SKY vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SKY, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.14 | 0.32 | 56 | Technology | |
| Advanced Micro Devices, Inc. | 0.06 | 0.19 | 0.33 | 94 | Technology | |
| Broadcom Inc. | 0.11 | 0.21 | 0.33 | 67 | Technology | |
| Applied Digital Corporation | 0.14 | 0.19 | 0.19 | 78 | Technology | |
| Comfort Systems USA, Inc. | 0.16 | 0.31 | 0.41 | 95 | Industrials |
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