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
28 ETFs have low correlation with SFM (below 0.3), 23 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of -0.14, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | -0.14 | 0.08 | 0.11 | 94 | Semiconductors, Technology Equities | SFM vs SMH | |
| ProShares Ultra Semiconductors | -0.14 | 0.10 | 0.12 | 82 | Leveraged Equities, Semiconductors | SFM vs USD | |
| Global X Copper Miners ETF | -0.12 | 0.06 | 0.10 | 60 | Copper | SFM vs COPX | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.10 | 0.14 | 0.18 | 63 | Nasdaq-100, Derivative Income | SFM vs JEPQ | |
| Invesco S&P 500 Momentum ETF | -0.10 | 0.18 | 0.21 | 68 | Momentum, S&P 500 | SFM vs SPMO |
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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 Celestica Inc. (CLS) (Technology) with a 1Y correlation of -0.17, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Celestica Inc. | -0.17 | 0.09 | 0.11 | 88 | Technology | |
| Applied Digital Corporation | -0.16 | 0.10 | 0.07 | 94 | Technology | |
| Micron Technology, Inc. | -0.16 | 0.03 | 0.07 | 99 | Technology | |
| Marvell Technology, Inc. | -0.15 | 0.10 | 0.12 | 96 | Technology | |
| Modine Manufacturing Company | -0.15 | 0.12 | 0.16 | 93 | Consumer Cyclical |
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Build a portfolio that complements SFM
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