Looking to balance out your exposure to SG? The ETFs below have the lowest correlation with SG — they tend to move on their own, which can help reduce risk when SG drops. The stock ideas table highlights individual companies that behave independently from SG.
Best Diversifiers for SG
3 ETFs have low correlation with SG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.22, down from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.22 | 0.34 | — | 59 | Nasdaq-100 | SG vs QQQ | |
| Vanguard S&P 500 ETF | 0.28 | 0.38 | — | 60 | S&P 500 | SG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.29 | 0.38 | 0.45 | 60 | S&P 500 | SG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SG and solid risk/return profiles. The least correlated is NIO Inc. (NIO) (Consumer Cyclical) with a 1Y correlation of -0.06, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NIO Inc. | -0.06 | 0.11 | — | 62 | Consumer Cyclical | |
| Sandisk Corporation | -0.00 | — | — | 100 | Technology | |
| Argan, Inc. | 0.03 | 0.17 | 0.20 | 96 | Industrials | |
| Marvell Technology, Inc. | 0.05 | 0.25 | 0.33 | 96 | Technology | |
| Broadcom Inc. | 0.06 | 0.22 | — | 71 | Technology |
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