Looking to balance out your exposure to SGMT? The ETFs below have the lowest correlation with SGMT — they tend to move on their own, which can help reduce risk when SGMT drops. The stock ideas table highlights individual companies that behave independently from SGMT.
Best Diversifiers for SGMT
1 ETFs have low correlation with SGMT (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.26 | — | — | 70 | S&P 500 | SGMT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGMT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGMT and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| IES Holdings, Inc. | 0.14 | — | — | 91 | Industrials | |
| Tutor Perini Corporation | 0.15 | — | — | 84 | Industrials | |
| Talen Energy Corporation | 0.15 | — | — | 67 | Utilities | |
| Sterling Construction Company, Inc. | 0.16 | — | — | 97 | Industrials | |
| Astronics Corporation | 0.17 | — | — | 93 | Industrials |
See all 8 low-correlation stocks for SGMT
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Diversification Analysis
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