Looking to balance out your exposure to SEB? The ETFs below have the lowest correlation with SEB — they tend to move on their own, which can help reduce risk when SEB drops. The stock ideas table highlights individual companies that behave independently from SEB.
Best Diversifiers for SEB
1 ETFs have low correlation with SEB (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.10, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.10 | 0.10 | 0.13 | 70 | S&P 500 | SEB vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEB and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | -0.06 | 0.01 | 0.01 | 59 | Technology | |
| Talen Energy Corporation | -0.03 | — | — | 67 | Utilities | |
| Equinix, Inc. | 0.07 | 0.08 | 0.08 | 64 | Real Estate | |
| KLA Corporation | 0.08 | 0.05 | 0.06 | 95 | Technology | |
| Expeditors International of Washington, Inc. | 0.08 | 0.13 | 0.13 | 79 | Industrials |
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