Looking to balance out your exposure to SGU? The ETFs below have the lowest correlation with SGU — they tend to move on their own, which can help reduce risk when SGU drops. The stock ideas table highlights individual companies that behave independently from SGU.
Best Diversifiers for SGU
6 ETFs have low correlation with SGU (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.11, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.11 | 0.12 | 0.18 | 66 | S&P 500 | SGU vs VOO | |
| Schwab International Equity ETF | 0.13 | 0.14 | 0.19 | 61 | Foreign Large Cap Equities | SGU vs SCHF | |
| Fidelity Sustainable High Yield ETF | 0.17 | 0.13 | — | 82 | High Yield Bonds | SGU vs FSYD | |
| SPDR Portfolio High Yield Bond ETF | 0.17 | 0.15 | 0.17 | 72 | High Yield Bonds | SGU vs SPHY | |
| Global X Adaptive U.S. Factor ETF | 0.20 | 0.23 | 0.26 | 64 | Mid Cap Value Equities, Multi-factor | SGU vs AUSF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGU and solid risk/return profiles. The least correlated is The AES Corporation (AES) (Utilities) with a 1Y correlation of -0.03, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The AES Corporation | -0.03 | 0.07 | 0.12 | 64 | Utilities | |
| UnitedHealth Group Incorporated | -0.02 | 0.08 | 0.13 | 77 | Healthcare | |
| Altria Group, Inc. | -0.01 | 0.08 | 0.11 | 80 | Consumer Defensive | |
| Verizon Communications Inc. | 0.01 | 0.10 | 0.11 | 61 | Communication Services | |
| Pfizer Inc. | 0.01 | 0.05 | 0.05 | 56 | Healthcare |
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Build a portfolio that complements SGU
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