Looking to balance out your exposure to SRRK? The ETFs below have the lowest correlation with SRRK — they tend to move on their own, which can help reduce risk when SRRK drops. The stock ideas table highlights individual companies that behave independently from SRRK.
Best Diversifiers for SRRK
2 ETFs have low correlation with SRRK (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco DWA Technology Momentum ETF (PTF) (Momentum) with a 1Y correlation of 0.27, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DWA Technology Momentum ETF | 0.27 | 0.29 | 0.32 | 82 | Momentum, Technology Equities | SRRK vs PTF | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.30 | 0.30 | 74 | S&P 500 | SRRK vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRRK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRRK and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.08 | 0.07 | 66 | Consumer Defensive | |
| Reddit, Inc. | -0.00 | 0.11 | 0.11 | 64 | Communication Services | |
| Credo Technology Group Holding Ltd | 0.08 | 0.17 | 0.19 | 85 | Technology | |
| AppLovin Corporation | 0.09 | 0.14 | 0.23 | 57 | Technology | |
| Tesla, Inc. | 0.09 | 0.18 | 0.20 | 58 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SRRK
Add SRRK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SRRK