Looking to balance out your exposure to SGRP? The ETFs below have historically moved differently from SGRP, 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 SGRP
1 ETFs have low correlation with SGRP (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.01 | 0.02 | 0.08 | 95 | Dividend | SGRP vs SCHD |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SGRP, 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 -0.06, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.06 | -0.04 | 0.01 | 67 | Financial Services | |
| Lockheed Martin Corporation | -0.04 | -0.04 | 0.03 | 80 | Industrials | |
| Steel Dynamics, Inc. | -0.02 | 0.02 | 0.07 | 95 | Basic Materials | |
| Dell Technologies Inc. | -0.02 | 0.03 | 0.07 | 96 | Technology | |
| Broadcom Inc. | -0.01 | 0.03 | 0.07 | 67 | Technology |
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