Looking to balance out your exposure to THC? The ETFs below have the lowest correlation with THC — they tend to move on their own, which can help reduce risk when THC drops. The stock ideas table highlights individual companies that behave independently from THC.
Best Diversifiers for THC
2 ETFs have low correlation with THC (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) with a 1Y correlation of 0.17, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.17 | 0.31 | 0.37 | 74 | Health & Biotech Equities | THC vs XBI | |
| State Street SPDR S&P 500 ETF | 0.22 | 0.36 | 0.48 | 70 | S&P 500 | THC vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from THC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THC and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.06, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.06 | 0.14 | 0.25 | 70 | Technology | |
| Bristol-Myers Squibb Company | -0.01 | 0.12 | 0.17 | 63 | Healthcare | |
| Linde plc | 0.01 | 0.19 | 0.31 | 52 | Basic Materials | |
| Everpure, Inc. | 0.02 | 0.17 | 0.28 | 64 | Technology | |
| Cisco Systems, Inc. | 0.02 | 0.21 | 0.33 | 95 | Technology |
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