Looking to balance out your exposure to SGML? The ETFs below have historically moved differently from SGML, 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 SGML
3 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 0.21, roughly unchanged from 0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.26 | — | 72 | S&P 500 | SGML vs SPY | |
| Vanguard S&P 500 ETF | 0.21 | 0.26 | — | 72 | S&P 500 | SGML vs VOO | |
| Invesco QQQ ETF | 0.24 | 0.26 | 0.30 | 55 | Nasdaq-100 | SGML vs QQQ |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SGML, 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 Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.11, down from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.11 | -0.04 | 0.04 | 60 | Financial Services | |
| Extreme Networks, Inc. | 0.05 | 0.15 | — | 80 | Technology | |
| Axsome Therapeutics, Inc. | 0.09 | 0.13 | 0.18 | 94 | Healthcare | |
| MYR Group Inc. | 0.10 | 0.15 | 0.18 | 84 | Industrials | |
| NVIDIA Corporation | 0.12 | 0.12 | 0.22 | 59 | Technology |
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