Looking to balance out your exposure to THRM? The ETFs below have the lowest correlation with THRM — they tend to move on their own, which can help reduce risk when THRM drops. The stock ideas table highlights individual companies that behave independently from THRM.
No Diversifiers Found for THRM
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 THRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to THRM and solid risk/return profiles. The least correlated is Celestica Inc. (CLS) (Technology) with a 1Y correlation of 0.12, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | 0.12 | 0.19 | 0.29 | 94 | Technology | |
| United Therapeutics Corporation | 0.12 | 0.13 | 0.13 | 86 | Healthcare | |
| REV Group, Inc. | 0.30 | 0.36 | 0.41 | 89 | Industrials | |
| Blue Bird Corporation | 0.39 | 0.35 | 0.38 | 86 | Consumer Cyclical | |
| Harmonic Inc. | 0.40 | 0.36 | 0.40 | 76 | Technology |
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