Looking to balance out your exposure to SPPL? The ETFs below have the lowest correlation with SPPL — they tend to move on their own, which can help reduce risk when SPPL drops. The stock ideas table highlights individual companies that behave independently from SPPL.
No Diversifiers Found for SPPL
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 SPPL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPPL and solid risk/return profiles. The least correlated is AxoGen, Inc. (AXGN) (Healthcare) with a 1Y correlation of -0.06, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AxoGen, Inc. | -0.06 | 0.02 | 0.02 | 98 | Healthcare | |
| Baytex Energy Corp | -0.06 | — | — | 93 | Energy | |
| Navigator Holdings Ltd. | -0.05 | 0.04 | 0.04 | 78 | Energy | |
| Jazz Pharmaceuticals plc | -0.04 | 0.00 | 0.00 | 98 | Healthcare | |
| Okeanis Eco Tankers Corp | 0.01 | — | — | 97 | Industrials |
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