Looking to balance out your exposure to SPWR? The ETFs below have the lowest correlation with SPWR — they tend to move on their own, which can help reduce risk when SPWR drops. The stock ideas table highlights individual companies that behave independently from SPWR.
No Diversifiers Found for SPWR
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 SPWR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPWR and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.26, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.26 | -0.26 | -0.26 | 51 | Industrials | |
| General Electric Company | 0.01 | 0.01 | 0.01 | 80 | Industrials | |
| XPLR Infrastructure LP | 0.03 | 0.03 | 0.03 | 70 | Utilities | |
| Bloom Energy Corporation | 0.05 | 0.05 | 0.05 | 98 | Industrials | |
| Albemarle Corporation | 0.10 | 0.10 | 0.10 | 77 | Basic Materials |
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