Looking to diversify beyond STK? The mutual funds below have historically moved differently from STK, 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 STK
16 mutual funds have low correlation with STK (below 0.3), 2 of which are negatively correlated. The least correlated is Adams Natural Resources Closed Fund (PEO) (Energy Equities) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Adams Natural Resources Closed Fund | -0.06 | 0.10 | 0.20 | 79 | Energy Equities | STK vs PEO | |
| Columbia Commodity Strategy Fund | -0.00 | 0.10 | 0.13 | 85 | Commodities | STK vs CCSZX | |
| abrdn Ultra Short Municipal Income Fund | 0.02 | -0.02 | 0.00 | 100 | Municipal Bonds | STK vs ATOIX | |
| abrdn Realty Income & Growth Fund | 0.03 | 0.23 | 0.38 | 82 | REIT | STK vs AIGYX | |
| abrdn Short Duration High Yield Municipal Fund | 0.12 | 0.10 | 0.11 | 82 | High Yield Muni | STK vs AHYMX |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STK, 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 W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.33 | -0.11 | 0.06 | 56 | Financial Services | |
| AbbVie Inc. | -0.15 | -0.03 | 0.05 | 81 | Healthcare | |
| Walmart Inc. | -0.12 | 0.05 | 0.16 | 62 | Consumer Defensive | |
| FLEX LNG Ltd | -0.05 | 0.06 | 0.17 | 84 | Energy | |
| Cohen & Steers Infrastructure Fund, Inc | 0.16 | 0.20 | 0.33 | 74 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements STK
Add STK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STK