Looking to balance out your exposure to SGMT? The ETFs below have historically moved differently from SGMT, 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 SGMT
1 ETFs have low correlation with SGMT (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 0.30, roughly unchanged from 0.28 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 | 0.30 | 0.28 | — | 67 | S&P 500 | SGMT vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SGMT, 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 IES Holdings, Inc. (IESC) (Industrials) with a 1Y correlation of 0.15, roughly unchanged from 0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | 0.15 | 0.17 | — | 86 | Industrials | |
| Tutor Perini Corporation | 0.16 | 0.19 | — | 83 | Industrials | |
| Sterling Infrastructure, Inc. | 0.20 | 0.16 | — | 84 | Industrials | |
| Quanta Services, Inc. | 0.21 | 0.19 | — | 85 | Industrials | |
| Nebius Group N.V. | 0.21 | — | — | 92 | Communication Services |
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