Looking to balance out your exposure to SE? The ETFs below have the lowest correlation with SE — they tend to move on their own, which can help reduce risk when SE drops. The stock ideas table highlights individual companies that behave independently from SE.
Best Diversifiers for SE
5 ETFs have low correlation with SE (below 0.3), 0 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | 0.04 | -0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | SE vs SHV | |
| PIMCO Enhanced Short Maturity Active ETF | 0.08 | 0.04 | 0.11 | 100 | Ultrashort Bond | SE vs MINT | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.22 | 0.32 | 0.44 | 96 | Leveraged Equities, Semiconductors | SE vs SOXL | |
| Vanguard International High Dividend Yield ETF | 0.25 | 0.32 | 0.38 | 69 | Dividend, Foreign Large Cap Equities | SE vs VYMI | |
| Invesco S&P 500 Momentum ETF | 0.28 | 0.38 | 0.42 | 70 | Momentum, S&P 500 | SE vs SPMO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SE and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.20 | 0.03 | 0.07 | 58 | Energy | |
| Walmart Inc. | -0.20 | 0.12 | 0.14 | 70 | Consumer Defensive | |
| Marathon Petroleum Corporation | -0.20 | 0.01 | 0.10 | 82 | Energy | |
| Valero Energy Corporation | -0.15 | 0.01 | 0.05 | 91 | Energy | |
| EPR Properties | -0.08 | 0.07 | 0.21 | 52 | Real Estate |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SE
Add SE to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SE