Looking to balance out your exposure to SPRO? The ETFs below have the lowest correlation with SPRO — they tend to move on their own, which can help reduce risk when SPRO drops. The stock ideas table highlights individual companies that behave independently from SPRO.
No Diversifiers Found for SPRO
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 SPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPRO and solid risk/return profiles. The least correlated is Tarsus Pharmaceuticals, Inc. (TARS) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tarsus Pharmaceuticals, Inc. | 0.07 | 0.10 | 0.15 | 69 | Healthcare | |
| Arcutis Biotherapeutics, Inc. | 0.27 | 0.20 | 0.24 | 81 | Healthcare |
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