Looking to balance out your exposure to SGSOY? The ETFs below have the lowest correlation with SGSOY — they tend to move on their own, which can help reduce risk when SGSOY drops. The stock ideas table highlights individual companies that behave independently from SGSOY.
No Diversifiers Found for SGSOY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGSOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGSOY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.15, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.15 | 0.04 | 0.09 | 83 | Energy | |
| Broadcom Inc. | 0.11 | 0.12 | 0.22 | 84 | Technology | |
| The Coca-Cola Company | 0.13 | 0.16 | 0.22 | 66 | Consumer Defensive | |
| Apple Inc | 0.14 | 0.14 | 0.25 | 89 | Technology | |
| Cardinal Health, Inc. | 0.15 | 0.11 | 0.14 | 68 | Healthcare |
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