Looking to balance out your exposure to SGAPY? The ETFs below have the lowest correlation with SGAPY — they tend to move on their own, which can help reduce risk when SGAPY drops. The stock ideas table highlights individual companies that behave independently from SGAPY.
No Diversifiers Found for SGAPY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGAPY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGAPY and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.02 | 0.12 | 0.20 | 97 | Technology | |
| Telecom Italia S.p.A | 0.06 | 0.10 | 0.14 | 94 | Communication Services | |
| Baidu, Inc. | 0.06 | 0.18 | 0.22 | 56 | Communication Services | |
| UCB SA ADR | 0.08 | 0.13 | 0.17 | 80 | Healthcare | |
| Companhia de Saneamento Básico do Estado de São Pa... | 0.22 | 0.17 | 0.15 | 77 | Utilities |
Build a portfolio that complements SGAPY
Add SGAPY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SGAPY