Looking to balance out your exposure to SLAB? The ETFs below have the lowest correlation with SLAB — they tend to move on their own, which can help reduce risk when SLAB drops. The stock ideas table highlights individual companies that behave independently from SLAB.
No Diversifiers Found for SLAB
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLAB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLAB and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | 0.02 | 0.03 | 0.04 | 56 | Communication Services | |
| América Móvil, S.A.B. de C.V. | 0.12 | 0.19 | 0.22 | 88 | Communication Services | |
| Telefonaktiebolaget LM Ericsson (publ) | 0.14 | 0.33 | 0.38 | 86 | Technology | |
| Telefônica Brasil S.A. | 0.14 | 0.12 | 0.14 | 73 | Communication Services | |
| SK Telecom Co.,Ltd | 0.15 | 0.15 | 0.20 | 91 | Communication Services |
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