Looking to balance out your exposure to STRA? The ETFs below have the lowest correlation with STRA — they tend to move on their own, which can help reduce risk when STRA drops. The stock ideas table highlights individual companies that behave independently from STRA.
No Diversifiers Found for STRA
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 STRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STRA and solid risk/return profiles. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of -0.09, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | -0.09 | 0.10 | 0.20 | 93 | Industrials | |
| Hudbay Minerals Inc. | -0.01 | 0.10 | 0.15 | 94 | Basic Materials | |
| United Therapeutics Corporation | 0.02 | 0.11 | 0.18 | 86 | Healthcare | |
| Baker Hughes Company | 0.04 | 0.16 | 0.19 | 89 | Energy | |
| Silicon Motion Technology Corporation | 0.04 | 0.14 | 0.17 | 99 | Technology |
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