Looking to balance out your exposure to SPOK? The ETFs below have the lowest correlation with SPOK — they tend to move on their own, which can help reduce risk when SPOK drops. The stock ideas table highlights individual companies that behave independently from SPOK.
Best Diversifiers for SPOK
2 ETFs have low correlation with SPOK (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.17, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.17 | 0.28 | 0.27 | 70 | S&P 500 | SPOK vs SPY | |
| Schwab U.S. Large-Cap ETF | 0.18 | 0.29 | 0.27 | 67 | Large Cap Blend Equities | SPOK vs SCHX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPOK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPOK and solid risk/return profiles. The least correlated is Amarin Corporation plc (AMRN) (Healthcare) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amarin Corporation plc | 0.05 | 0.14 | 0.17 | 55 | Healthcare | |
| JPMorgan Chase & Co. | 0.06 | 0.17 | 0.19 | 59 | Financial Services | |
| Eli Lilly and Company | 0.09 | 0.10 | 0.07 | 72 | Healthcare | |
| Energy Transfer LP | 0.13 | 0.17 | 0.17 | 69 | Energy |
Build a portfolio that complements SPOK
Add SPOK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SPOK