Looking to balance out your exposure to SALM? The ETFs below have the lowest correlation with SALM — they tend to move on their own, which can help reduce risk when SALM drops. The stock ideas table highlights individual companies that behave independently from SALM.
Best Diversifiers for SALM
2 ETFs have low correlation with SALM (below 0.3), 0 of which are negatively correlated. The least correlated is Inspire 100 ETF (BIBL) (Large Cap Growth Equities) with a 1Y correlation of 0.12, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Inspire 100 ETF | 0.12 | 0.05 | 0.15 | 81 | Large Cap Growth Equities | SALM vs BIBL | |
| FIS Biblically Responsible Risk Managed ETF | 0.15 | 0.06 | — | 51 | Large Cap Blend Equities | SALM vs PRAY |
Diversification Analysis
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