Looking to balance out your exposure to S? The ETFs below have the lowest correlation with S — they tend to move on their own, which can help reduce risk when S drops. The stock ideas table highlights individual companies that behave independently from S.
Best Diversifiers for S
2 ETFs have low correlation with S (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.09 | — | — | 91 | Leveraged Equities | S vs AMDL | |
| Avantis US Small Cap Value ETF | 0.29 | 0.41 | 0.40 | 86 | Small Cap Value Equities | S vs AVUV | |
| Invesco QQQ ETF | 0.35 | 0.50 | 0.57 | 53 | Nasdaq-100 | S vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.49 | 0.52 | 65 | S&P 500 | S vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.49 | 0.52 | 66 | S&P 500 | S vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from S, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to S and solid risk/return profiles. The least correlated is NextEra Energy, Inc. (NEE) (Utilities) with a 1Y correlation of -0.08, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NextEra Energy, Inc. | -0.08 | -0.01 | 0.10 | 73 | Utilities | |
| Chevron Corporation | -0.08 | -0.01 | 0.05 | 74 | Energy | |
| Powell Industries, Inc. | -0.05 | 0.24 | 0.20 | 96 | Industrials | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.13 | 0.15 | 85 | Consumer Defensive | |
| Texas Roadhouse, Inc. | -0.01 | 0.21 | 0.27 | 54 | Consumer Cyclical |
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