Looking to balance out your exposure to SEDG? The ETFs below have historically moved differently from SEDG, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.10, down from 0.34 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.31 | 0.34 | 95 | Dividend | SEDG vs SCHD | |
| Invesco QQQ ETF | 0.39 | 0.32 | 0.40 | 58 | Nasdaq-100 | SEDG vs QQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.37 | 0.43 | 78 | S&P 500 | SEDG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.40 | 0.37 | 0.43 | 78 | S&P 500 | SEDG vs SPY | |
| State Street Technology Select Sector SPDR ETF | 0.42 | 0.33 | 0.41 | 62 | Technology Equities | SEDG vs XLK |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SEDG, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.25, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.25 | -0.01 | 0.03 | 56 | Utilities | |
| Duke Energy Corporation | -0.22 | -0.00 | 0.03 | 52 | Utilities | |
| United Therapeutics Corporation | -0.03 | 0.05 | 0.09 | 94 | Healthcare | |
| Incyte Corporation | -0.02 | 0.14 | 0.18 | 86 | Healthcare | |
| Exelixis, Inc. | 0.08 | 0.16 | 0.21 | 83 | Healthcare |
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