Looking to balance out your exposure to SGML? The ETFs below have the lowest correlation with SGML — they tend to move on their own, which can help reduce risk when SGML drops. The stock ideas table highlights individual companies that behave independently from SGML.
Best Diversifiers for SGML
2 ETFs have low correlation with SGML (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.16, roughly unchanged from 0.25 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.16 | 0.25 | — | 70 | S&P 500 | SGML vs SPY | |
| Vanguard S&P 500 ETF | 0.16 | 0.25 | — | 70 | S&P 500 | SGML vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGML, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGML and solid risk/return profiles. The least correlated is Extreme Networks, Inc. (EXTR) (Technology) with a 1Y correlation of 0.01, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Extreme Networks, Inc. | 0.01 | 0.14 | — | 77 | Technology | |
| MYR Group Inc. | 0.05 | 0.14 | — | 96 | Industrials | |
| Axsome Therapeutics, Inc. | 0.05 | 0.11 | 0.18 | 93 | Healthcare | |
| Rambus Inc. | 0.05 | 0.21 | — | 90 | Technology | |
| Axcelis Technologies, Inc. | 0.07 | 0.20 | — | 92 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SGML
Add SGML to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SGML