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
1 ETFs have low correlation with S (below 0.3), 0 of which are negatively correlated. The least correlated is GraniteShares 2x Long AMD Daily ETF (AMDL) (Leveraged Equities) with a 1Y correlation of 0.07, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.07 | 0.24 | 0.24 | 96 | Leveraged Equities | S vs AMDL | |
| Avantis US Small Cap Value ETF | 0.33 | 0.42 | 0.40 | 67 | Small Cap Value Equities | S vs AVUV | |
| Vanguard S&P 500 ETF | 0.36 | 0.50 | — | 70 | S&P 500 | S vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.50 | — | 70 | S&P 500 | S vs SPY | |
| ProShares UltraPro QQQ | 0.37 | 0.50 | — | 71 | Leveraged Equities | S vs TQQQ |
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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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.05 | 0.00 | — | 83 | Energy | |
| Powell Industries, Inc. | -0.03 | 0.24 | — | 98 | Industrials | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.13 | — | 80 | Consumer Defensive | |
| Zijin Mining Group Co Ltd ADR | 0.01 | 0.01 | — | 81 | Basic Materials | |
| Frontline Ltd. | 0.04 | 0.11 | — | 89 | Energy |
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