Looking to diversify beyond SDP? The ETFs below have the lowest correlation with SDP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SDP.
Best Diversifiers for SDP
1135 ETFs have low correlation with SDP (below 0.3), 1085 of which are negatively correlated. The least correlated is First Trust Utilities AlphaDEX Fund (FXU) (Utilities Equities) with a 1Y correlation of -0.92, roughly unchanged from -0.94 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Utilities AlphaDEX Fund | -0.92 | -0.93 | -0.94 | 52 | Utilities Equities | SDP vs FXU | |
| iShares Global Utilities ETF | -0.90 | -0.91 | -0.92 | 52 | Utilities Equities | SDP vs JXI | |
| First Trust North American Energy Infrastructure F... | -0.70 | -0.74 | -0.71 | 87 | MLPs | SDP vs EMLP | |
| SPDR S&P Global Infrastructure ETF | -0.69 | -0.74 | -0.72 | 61 | Utilities Equities | SDP vs GII | |
| iShares Global Infrastructure ETF | -0.68 | -0.73 | -0.71 | 64 | Industrials Equities | SDP vs IGF |
See all 1135 diversifiers for SDP
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