Looking to balance out your exposure to STOK? The ETFs below have the lowest correlation with STOK — they tend to move on their own, which can help reduce risk when STOK drops. The stock ideas table highlights individual companies that behave independently from STOK.
No Diversifiers Found for STOK
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 STOK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STOK and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | 0.02 | 0.03 | 0.07 | 53 | Industrials | |
| Tower Semiconductor Ltd | 0.05 | 0.14 | 0.17 | 98 | Technology | |
| Micron Technology, Inc. | 0.06 | 0.18 | 0.23 | 99 | Technology | |
| TTM Technologies, Inc. | 0.08 | 0.18 | 0.23 | 94 | Technology | |
| nLIGHT, Inc. | 0.13 | 0.22 | 0.28 | 96 | Technology |
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