Looking to balance out your exposure to SKYT? The ETFs below have the lowest correlation with SKYT — they tend to move on their own, which can help reduce risk when SKYT drops. The stock ideas table highlights individual companies that behave independently from SKYT.
Best Diversifiers for SKYT
0 ETFs have low correlation with SKYT (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard High Dividend Yield ETF (VYM) (Dividend) with a 1Y correlation of 0.35, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard High Dividend Yield ETF | 0.35 | 0.37 | 0.36 | 77 | Dividend | SKYT vs VYM | |
| Vanguard Information Technology ETF | 0.49 | 0.57 | 0.56 | 76 | Technology Equities | SKYT vs VGT | |
| Vanguard Russell 2000 ETF | 0.52 | 0.56 | 0.55 | 62 | Small Cap Blend Equities | SKYT vs VTWO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SKYT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SKYT and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.04, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.04 | 0.03 | 0.08 | 85 | Energy | |
| Chevron Corporation | 0.01 | 0.06 | 0.11 | 83 | Energy | |
| Alphabet Inc. Class A | 0.14 | 0.28 | 0.35 | 96 | Communication Services | |
| Kinross Gold Corporation | 0.17 | 0.14 | 0.16 | 79 | Basic Materials | |
| Intel Corporation | 0.21 | 0.33 | 0.37 | 98 | Technology |
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