Looking to balance out your exposure to SEDG? The ETFs below have the lowest correlation with SEDG — they tend to move on their own, which can help reduce risk when SEDG drops. The stock ideas table highlights individual companies that behave independently from SEDG.
Best Diversifiers for SEDG
1 ETFs have low correlation with SEDG (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.20 | 0.34 | 0.36 | 77 | Dividend | SEDG vs SCHD | |
| State Street Technology Select Sector SPDR ETF | 0.33 | 0.31 | 0.39 | 66 | Technology Equities | SEDG vs XLK | |
| Invesco QQQ ETF | 0.33 | 0.32 | 0.41 | 59 | Nasdaq-100 | SEDG vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.35 | 0.36 | 0.43 | 60 | S&P 500 | SEDG vs SPY | |
| Vanguard S&P 500 ETF | 0.35 | 0.36 | 0.43 | 60 | S&P 500 | SEDG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEDG and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.16 | 0.01 | 0.03 | 66 | Utilities | |
| Duke Energy Corporation | -0.11 | 0.03 | 0.04 | 64 | Utilities | |
| General Electric Company | 0.09 | 0.15 | 0.23 | 80 | Industrials | |
| ESCO Technologies Inc. | 0.15 | 0.24 | 0.28 | 93 | Technology | |
| Cloudflare, Inc. | 0.18 | 0.23 | 0.34 | 55 | Technology |
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