Looking to balance out your exposure to SDGR? The ETFs below have the lowest correlation with SDGR — they tend to move on their own, which can help reduce risk when SDGR drops. The stock ideas table highlights individual companies that behave independently from SDGR.
Best Diversifiers for SDGR
0 ETFs have low correlation with SDGR (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.39, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.39 | 0.41 | 0.48 | 59 | Nasdaq-100 | SDGR vs QQQ | |
| Vanguard S&P 500 ETF | 0.44 | 0.45 | 0.48 | 60 | S&P 500 | SDGR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.44 | 0.45 | 0.48 | 60 | S&P 500 | SDGR vs SPY | |
| iShares Nasdaq Biotechnology ETF | 0.46 | 0.54 | 0.62 | 76 | Health & Biotech Equities | SDGR vs IBB | |
| Schwab U.S. Large-Cap ETF | 0.47 | 0.47 | 0.50 | 56 | Large Cap Blend Equities | SDGR vs SCHX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDGR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDGR and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.30, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.30 | -0.10 | -0.02 | 74 | Consumer Defensive | |
| Nokia Corporation | 0.13 | 0.22 | 0.30 | 95 | Technology | |
| D.R. Horton, Inc. | 0.15 | 0.23 | 0.30 | 65 | Consumer Cyclical | |
| Sonoco Products Company | 0.17 | 0.22 | 0.21 | 67 | Consumer Cyclical | |
| Jabil Inc. | 0.18 | 0.30 | 0.33 | 86 | Technology |
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