Looking to balance out your exposure to SGRP? The ETFs below have the lowest correlation with SGRP — they tend to move on their own, which can help reduce risk when SGRP drops. The stock ideas table highlights individual companies that behave independently from SGRP.
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 0.04, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.04 | 0.03 | 0.09 | 86 | Dividend | SGRP vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGRP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGRP and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.05 | -0.01 | 0.04 | 68 | Financial Services | |
| Dell Technologies Inc. | -0.03 | 0.02 | 0.07 | 97 | Technology | |
| Lockheed Martin Corporation | -0.03 | -0.05 | 0.03 | 59 | Industrials | |
| Vertiv Holdings Co. | -0.02 | 0.03 | 0.08 | 93 | Industrials | |
| Merck & Co., Inc. | -0.01 | -0.01 | -0.01 | 91 | Healthcare |
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