Looking to balance out your exposure to TRAK? The ETFs below have the lowest correlation with TRAK — they tend to move on their own, which can help reduce risk when TRAK drops. The stock ideas table highlights individual companies that behave independently from TRAK.
No Diversifiers Found for TRAK
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 TRAK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TRAK and solid risk/return profiles. The least correlated is Uranium Energy Corp. (UEC) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Uranium Energy Corp. | 0.03 | 0.11 | 0.11 | 81 | Energy | |
| NVIDIA Corporation | 0.06 | 0.20 | 0.20 | 80 | Technology | |
| Red Cat Holdings, Inc. | 0.07 | 0.16 | 0.16 | 67 | Technology | |
| Micron Technology, Inc. | 0.09 | — | — | 99 | Technology | |
| Westinghouse Air Brake Technologies Corporation | 0.10 | — | — | 74 | Industrials |
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