Looking to balance out your exposure to SCI? The ETFs below have the lowest correlation with SCI — they tend to move on their own, which can help reduce risk when SCI drops. The stock ideas table highlights individual companies that behave independently from SCI.
Best Diversifiers for SCI
4 ETFs have low correlation with SCI (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.02, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.02 | 0.10 | 0.26 | 74 | Nasdaq-100 | SCI vs QQQ | |
| Vanguard Total Stock Market ETF | 0.08 | 0.25 | 0.37 | 73 | Large Cap Blend Equities | SCI vs VTI | |
| Vanguard S&P 500 ETF | 0.09 | 0.23 | 0.38 | 74 | S&P 500 | SCI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.09 | 0.23 | 0.38 | 74 | S&P 500 | SCI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SCI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SCI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.12 | -0.05 | 0.12 | 80 | Technology | |
| Micron Technology, Inc. | -0.12 | 0.01 | 0.13 | 99 | Technology | |
| Advanced Micro Devices, Inc. | -0.09 | 0.04 | 0.16 | 97 | Technology | |
| Ameresco, Inc. | -0.05 | 0.18 | 0.22 | 81 | Industrials | |
| Taiwan Semiconductor Manufacturing Company Limited | -0.05 | 0.04 | 0.12 | 95 | Technology |
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