Looking to balance out your exposure to SRRK? The ETFs below have historically moved differently from SRRK, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SRRK
1 ETFs have low correlation with SRRK (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 0.24, roughly unchanged from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.24 | 0.30 | 0.30 | 72 | S&P 500 | SRRK vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SRRK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.05 | 0.07 | 58 | Consumer Defensive | |
| Seneca Foods Corporation | 0.04 | 0.06 | 0.07 | 86 | Consumer Defensive | |
| Keel Infrastructure Corporation | 0.09 | 0.24 | 0.28 | 87 | Financial Services | |
| Opendoor Technologies Inc. | 0.09 | 0.24 | 0.28 | 68 | Real Estate | |
| Applied Optoelectronics, Inc. | 0.09 | 0.22 | 0.23 | 96 | Technology |
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