Looking to balance out your exposure to SSB? The ETFs below have the lowest correlation with SSB — they tend to move on their own, which can help reduce risk when SSB drops. The stock ideas table highlights individual companies that behave independently from SSB.
No Diversifiers Found for SSB
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 SSB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSB and solid risk/return profiles. The least correlated is Teekay Tankers Ltd. (TNK) (Energy) with a 1Y correlation of 0.05, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Teekay Tankers Ltd. | 0.05 | 0.09 | 0.15 | 80 | Energy | |
| Barrick Mining Corporation | 0.10 | 0.13 | 0.13 | 89 | Basic Materials | |
| Warrior Met Coal, Inc. | 0.12 | 0.21 | 0.24 | 90 | Basic Materials | |
| Zymeworks Inc. | 0.16 | 0.21 | 0.18 | 88 | Healthcare | |
| Tenaris S.A. | 0.17 | 0.29 | 0.34 | 95 | Energy |
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