Looking to diversify beyond STK? The mutual funds below have the lowest correlation with STK — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from STK.
Best Diversifiers for STK
5 mutual funds have low correlation with STK (below 0.3), 1 of which are negatively correlated. The least correlated is abrdn Ultra Short Municipal Income Fund (ATOIX) (Municipal Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | -0.04 | -0.03 | -0.01 | 99 | Municipal Bonds | STK vs ATOIX | |
| abrdn Short Duration High Yield Municipal Fund | 0.11 | 0.10 | 0.10 | 57 | High Yield Muni | STK vs AHYMX | |
| abrdn Global Absolute Return Strategies Fund | 0.25 | 0.19 | 0.08 | 53 | Macro Trading | STK vs CGFIX | |
| abrdn Global Infrastructure Fund | 0.26 | 0.31 | 0.44 | 64 | Energy Equities | STK vs AIFRX | |
| abrdn World Healthcare Fund | 0.26 | 0.31 | 0.42 | 61 | Health & Biotech Equities | STK vs THW |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STK and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.08 | 0.18 | 69 | Consumer Defensive | |
| AbbVie Inc. | -0.05 | 0.00 | 0.08 | 71 | Healthcare | |
| Cohen & Steers Infrastructure Fund, Inc | 0.20 | 0.21 | 0.35 | 69 | Financial Services | |
| StoneX Group Inc. | 0.26 | 0.32 | 0.34 | 95 | Financial Services | |
| AGNC Investment Corp. | 0.27 | 0.36 | 0.45 | 76 | Real Estate |
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