Looking to diversify beyond SGDM? The ETFs below have the lowest correlation with SGDM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SGDM.
Best Diversifiers for SGDM
493 ETFs have low correlation with SGDM (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.42, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.42 | -0.43 | -0.46 | 51 | Currency | SGDM vs UUP | |
| ProShares Short Bitcoin ETF | -0.26 | -0.14 | -0.19 | 57 | Cryptocurrency | SGDM vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 68 | Inverse Equities, Leveraged Equities | SGDM vs MSTZ | |
| Invesco DB Energy Fund | -0.25 | -0.02 | 0.10 | 53 | Oil & Gas | SGDM vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | -0.17 | -0.17 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SGDM vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGDM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGDM and solid risk/return profiles. The least correlated is FLEX LNG Ltd (FLNG) (Energy) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| FLEX LNG Ltd | -0.08 | 0.12 | 0.14 | 88 | Energy | |
| Baker Hughes Company | 0.19 | 0.21 | 0.25 | 80 | Energy | |
| Talen Energy Corporation | 0.27 | 0.22 | — | 69 | Utilities | |
| Impala Platinum Holdings Limited ADR | 0.73 | 0.57 | 0.54 | 54 | Basic Materials | |
| Gold Fields Limited | 0.88 | 0.81 | 0.80 | 67 | Basic Materials |
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Build a portfolio that complements SGDM
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