Looking to balance out your exposure to SGGKY? The ETFs below have the lowest correlation with SGGKY — they tend to move on their own, which can help reduce risk when SGGKY drops. The stock ideas table highlights individual companies that behave independently from SGGKY.
Best Diversifiers for SGGKY
1 ETFs have low correlation with SGGKY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.06, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.06 | 0.00 | 0.06 | 74 | S&P 500 | SGGKY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGGKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGGKY and solid risk/return profiles. The least correlated is Elbit Systems Ltd (ESLT) (Industrials) with a 1Y correlation of -0.11, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Elbit Systems Ltd | -0.11 | -0.06 | -0.02 | 88 | Industrials | |
| Coca-Cola Consolidated, Inc. | -0.11 | -0.00 | 0.03 | 81 | Consumer Defensive | |
| Magyar Telekom Plc | -0.11 | -0.08 | -0.01 | 69 | Communication Services | |
| Rolls-Royce Holdings plc | -0.05 | -0.05 | 0.05 | 73 | Industrials | |
| The Ensign Group, Inc. | -0.01 | 0.00 | 0.02 | 51 | Healthcare |
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