Looking to balance out your exposure to SCGLY? The ETFs below have the lowest correlation with SCGLY — they tend to move on their own, which can help reduce risk when SCGLY drops. The stock ideas table highlights individual companies that behave independently from SCGLY.
No Diversifiers Found for SCGLY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCGLY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCGLY and solid risk/return profiles. The least correlated is DBS Group Holdings Ltd ADR (DBSDY) (Financial Services) with a 1Y correlation of 0.23, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DBS Group Holdings Ltd ADR | 0.23 | 0.26 | 0.34 | 95 | Financial Services | |
| Mitsubishi UFJ Financial Group, Inc. | 0.36 | 0.33 | 0.41 | 79 | Financial Services | |
| Sumitomo Mitsui Financial Group, Inc. | 0.37 | 0.32 | 0.40 | 82 | Financial Services | |
| Mizuho Financial Group, Inc. | 0.39 | 0.31 | 0.37 | 86 | Financial Services | |
| Itaú Unibanco Holding S.A. | 0.44 | 0.38 | 0.39 | 67 | Financial Services |
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