Looking to balance out your exposure to SEVN? The ETFs below have the lowest correlation with SEVN — they tend to move on their own, which can help reduce risk when SEVN drops. The stock ideas table highlights individual companies that behave independently from SEVN.
Best Diversifiers for SEVN
0 ETFs have low correlation with SEVN (below 0.3), 0 of which are negatively correlated. The least correlated is NEOS S&P 500 High Income ETF (SPYI) (Derivative Income) with a 1Y correlation of 0.31, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS S&P 500 High Income ETF | 0.31 | 0.27 | — | 65 | Derivative Income, S&P 500 | SEVN vs SPYI | |
| State Street SPDR S&P 500 ETF | 0.32 | 0.29 | 0.29 | 62 | S&P 500 | SEVN vs SPY | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.47 | 0.39 | 0.35 | 60 | S&P 500, Dividend | SEVN vs SPYD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SEVN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SEVN and solid risk/return profiles. The least correlated is BCE Inc. (BCE) (Communication Services) with a 1Y correlation of 0.04, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BCE Inc. | 0.04 | 0.13 | 0.16 | 53 | Communication Services | |
| DHT Holdings, Inc. | 0.08 | 0.05 | 0.10 | 89 | Energy | |
| Verizon Communications Inc. | 0.09 | 0.08 | 0.08 | 59 | Communication Services | |
| Johnson & Johnson | 0.14 | 0.14 | 0.11 | 97 | Healthcare | |
| Bristol-Myers Squibb Company | 0.16 | 0.13 | 0.12 | 78 | Healthcare |
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