Looking to diversify beyond SGDM? The ETFs below have historically moved differently from SGDM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SGDM
553 ETFs have low correlation with SGDM (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, down from -0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.15 | — | 61 | Cryptocurrency | SGDM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 61 | Inverse Equities, Leveraged Equities | SGDM vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SGDM vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 75 | Derivative Income | SGDM vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.02 | 0.09 | 72 | Oil & Gas | SGDM vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SGDM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is FLEX LNG Ltd (FLNG) (Energy) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FLEX LNG Ltd | -0.09 | 0.10 | 0.14 | 84 | Energy | |
| Baker Hughes Company | 0.22 | 0.21 | 0.25 | 75 | Energy | |
| Impala Platinum Holdings Limited ADR | 0.74 | 0.58 | 0.54 | 55 | Basic Materials | |
| Gold Fields Limited | 0.88 | 0.81 | 0.80 | 64 | Basic Materials | |
| Pan American Silver Corp. | 0.90 | 0.87 | 0.88 | 75 | Basic Materials |
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