Looking to balance out your exposure to STNE? The ETFs below have the lowest correlation with STNE — they tend to move on their own, which can help reduce risk when STNE drops. The stock ideas table highlights individual companies that behave independently from STNE.
Best Diversifiers for STNE
0 ETFs have low correlation with STNE (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.50, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.50 | 0.46 | 0.51 | 59 | S&P 500 | STNE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STNE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STNE and solid risk/return profiles. The least correlated is Oscar Health, Inc. (OSCR) (Healthcare) with a 1Y correlation of 0.20, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oscar Health, Inc. | 0.20 | 0.24 | 0.33 | 62 | Healthcare | |
| First Solar, Inc. | 0.20 | 0.26 | 0.31 | 76 | Technology | |
| Opendoor Technologies Inc. | 0.21 | 0.31 | 0.40 | 96 | Real Estate | |
| Target Corporation | 0.22 | 0.22 | 0.29 | 78 | Consumer Defensive | |
| Clover Health Investments, Corp. | 0.23 | 0.25 | 0.37 | 71 | Healthcare |
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