Looking to balance out your exposure to SLP? The ETFs below have the lowest correlation with SLP — they tend to move on their own, which can help reduce risk when SLP drops. The stock ideas table highlights individual companies that behave independently from SLP.
No Diversifiers Found for SLP
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 SLP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLP and solid risk/return profiles. The least correlated is Phillips Edison & Company, Inc. (PECO) (Real Estate) with a 1Y correlation of -0.05, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips Edison & Company, Inc. | -0.05 | 0.15 | — | 86 | Real Estate | |
| Ackermans & Van Haaren NV ADR | 0.01 | — | — | 95 | Industrials | |
| Curbline Properties Corp | 0.02 | — | — | 89 | Real Estate | |
| Enact Holdings, Inc. | 0.03 | 0.20 | — | 81 | Financial Services | |
| Reynolds Consumer Products Inc. | 0.08 | 0.15 | 0.16 | 72 | Consumer Cyclical |
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