For example, when two stocks move in the same direction, the correlation coefficient is positive. Conversely, when two stocks move in opposite directions, the correlation coefficient is negative.

Benzinga looks at defensive stocks with low correlation to SPY S&P 500 ETF Trust and how they might improve your portfolio’s performance.

Background Immune-mediated processes leading to childhood type 1 diabetes may begin in fetal life. We hypothesised that a ...