Looking to balance out your exposure to SGMO? The ETFs below have the lowest correlation with SGMO — they tend to move on their own, which can help reduce risk when SGMO drops. The stock ideas table highlights individual companies that behave independently from SGMO.
Best Diversifiers for SGMO
1 ETFs have low correlation with SGMO (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 0.26, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | 0.28 | 0.34 | 66 | S&P 500 | SGMO vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGMO and solid risk/return profiles. The least correlated is Atai Life Sciences N.V. (ATAI) (Healthcare) with a 1Y correlation of 0.27, roughly unchanged from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Atai Life Sciences N.V. | 0.27 | 0.28 | — | 65 | Healthcare | |
| AbCellera Biologics Inc. | 0.30 | 0.32 | 0.37 | 80 | Healthcare |
Build a portfolio that complements SGMO
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