Looking to balance out your exposure to SGI? The ETFs below have the lowest correlation with SGI — they tend to move on their own, which can help reduce risk when SGI drops. The stock ideas table highlights individual companies that behave independently from SGI.
Best Diversifiers for SGI
0 ETFs have low correlation with SGI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.40, down from 0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.40 | 0.40 | 0.50 | 73 | Nasdaq-100 | SGI vs QQQ | |
| Vanguard S&P 500 ETF | 0.49 | 0.50 | 0.58 | 70 | S&P 500 | SGI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGI and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.08 | 0.09 | 0.15 | 62 | Consumer Cyclical | |
| Apache Corporation | -0.07 | 0.17 | 0.25 | 90 | Energy | |
| CareTrust REIT, Inc. | -0.00 | 0.16 | 0.25 | 82 | Real Estate | |
| DT Midstream, Inc. | 0.04 | 0.22 | — | 83 | Energy | |
| ZIM Integrated Shipping Services Ltd. | 0.09 | 0.11 | 0.20 | 72 | Industrials |
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