Looking to balance out your exposure to SFM? The ETFs below have the lowest correlation with SFM — they tend to move on their own, which can help reduce risk when SFM drops. The stock ideas table highlights individual companies that behave independently from SFM.
Best Diversifiers for SFM
29 ETFs have low correlation with SFM (below 0.3), 22 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.15, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.15 | 0.08 | 0.12 | 70 | Leveraged Equities, Semiconductors | SFM vs USD | |
| VanEck Semiconductor ETF | -0.15 | 0.06 | 0.11 | 92 | Semiconductors, Technology Equities | SFM vs SMH | |
| Invesco S&P 500 Momentum ETF | -0.13 | 0.16 | 0.20 | 62 | Momentum, S&P 500 | SFM vs SPMO | |
| First Trust RBA American Industrial Renaissance ET... | -0.12 | 0.19 | 0.23 | 66 | Building & Construction | SFM vs AIRR | |
| Invesco NASDAQ 100 ETF | -0.11 | 0.12 | 0.14 | 59 | Nasdaq-100 | SFM vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SFM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SFM and solid risk/return profiles. The least correlated is MP Materials Corp. (MP) (Basic Materials) with a 1Y correlation of -0.19, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| MP Materials Corp. | -0.19 | -0.00 | 0.06 | 51 | Basic Materials | |
| Talen Energy Corporation | -0.18 | — | — | 69 | Utilities | |
| Micron Technology, Inc. | -0.18 | 0.02 | 0.07 | 99 | Technology | |
| Celestica Inc. | -0.18 | 0.08 | 0.11 | 85 | Technology | |
| Quanta Services, Inc. | -0.17 | 0.13 | 0.17 | 89 | Industrials |
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Build a portfolio that complements SFM
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