Looking to balance out your exposure to STKS? The ETFs below have the lowest correlation with STKS — they tend to move on their own, which can help reduce risk when STKS drops. The stock ideas table highlights individual companies that behave independently from STKS.
Best Diversifiers for STKS
2 ETFs have low correlation with STKS (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.19, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.19 | 0.25 | — | 76 | Nasdaq-100, Derivative Income | STKS vs JEPQ | |
| NEOS Nasdaq-100 High Income ETF | 0.21 | — | — | 70 | Nasdaq-100, Derivative Income | STKS vs QQQI | |
| iShares MSCI USA Quality Factor ETF | 0.30 | 0.33 | 0.40 | 56 | Large Cap Blend Equities | STKS vs QUAL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STKS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STKS and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.08, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.08 | 0.11 | 0.24 | 80 | Technology |
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