Looking to balance out your exposure to STTK? The ETFs below have the lowest correlation with STTK — they tend to move on their own, which can help reduce risk when STTK drops. The stock ideas table highlights individual companies that behave independently from STTK.
Best Diversifiers for STTK
5 ETFs have low correlation with STTK (below 0.3), 0 of which are negatively correlated. The least correlated is Proshares S&P Global Core Battery Metals ETF (ION) (Energy Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares S&P Global Core Battery Metals ETF | 0.06 | 0.15 | — | 84 | Energy Equities | STTK vs ION | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.06 | 0.12 | 0.11 | 55 | Silver, Precious Metals | STTK vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.07 | 0.12 | 0.11 | 54 | Silver, Commodity Producers Equities, Precious Metals | STTK vs SILJ | |
| Sprott Junior Copper Miners ETF | 0.09 | 0.14 | — | 73 | Commodity Producers Equities | STTK vs COPJ | |
| Themes Silver Miners ETF | 0.09 | — | — | 60 | Silver, Precious Metals | STTK vs AGMI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STTK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STTK and solid risk/return profiles. The least correlated is Hycroft Mining Holding Corporation (HYMC) (Basic Materials) with a 1Y correlation of 0.06, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hycroft Mining Holding Corporation | 0.06 | 0.14 | 0.13 | 97 | Basic Materials | |
| Hecla Mining Company | 0.07 | 0.15 | 0.13 | 87 | Basic Materials | |
| Silvercorp Metals Inc. | 0.08 | 0.12 | 0.12 | 91 | Basic Materials | |
| Planet Labs PBC | 0.16 | 0.20 | 0.20 | 99 | Industrials | |
| D-Wave Quantum Inc | 0.22 | 0.09 | — | 59 | Technology |
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