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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| GraniteShares 2x Long AMD Daily ETF | 0.08 | — | — | 94 | Leveraged Equities | S vs AMDL | |
| Avantis US Small Cap Value ETF | 0.30 | 0.42 | — | 79 | Small Cap Value Equities | S vs AVUV | |
| Vanguard S&P 500 ETF | 0.37 | 0.50 | — | 60 | S&P 500 | S vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.50 | — | 60 | S&P 500 | S vs SPY | |
| Invesco QQQ ETF | 0.37 | 0.51 | — | 59 | Nasdaq-100 | S vs QQQ |
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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 -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | -0.01 | 0.05 | 70 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.13 | 0.14 | 83 | Consumer Defensive | |
| Powell Industries, Inc. | -0.01 | 0.25 | 0.20 | 98 | Industrials | |
| Advanced Energy Industries, Inc. | 0.03 | 0.32 | 0.37 | 95 | Industrials | |
| Sterling Infrastructure, Inc. | 0.04 | 0.30 | — | 96 | Industrials |
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