Looking to balance out your exposure to SHG? The ETFs below have the lowest correlation with SHG — they tend to move on their own, which can help reduce risk when SHG drops. The stock ideas table highlights individual companies that behave independently from SHG.
Best Diversifiers for SHG
1 ETFs have low correlation with SHG (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 0.24, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.24 | 0.31 | 0.41 | 80 | Dividend | SHG vs SCHD | |
| Vanguard S&P 500 Growth ETF | 0.37 | 0.37 | 0.39 | 58 | S&P 500, Large Cap Growth Equities | SHG vs VOOG | |
| iShares Semiconductor ETF | 0.39 | 0.39 | 0.41 | 97 | Semiconductors, Technology Equities | SHG vs SOXX | |
| Vanguard S&P 500 ETF | 0.41 | 0.42 | 0.44 | 70 | S&P 500 | SHG vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHG and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.06, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.06 | 0.18 | 0.26 | 87 | Energy | |
| National Grid plc | 0.13 | 0.19 | 0.21 | 63 | Utilities | |
| Teva Pharmaceutical Industries Limited | 0.18 | 0.16 | 0.27 | 90 | Healthcare | |
| Novartis AG | 0.25 | 0.20 | 0.23 | 75 | Healthcare | |
| Amphenol Corporation | 0.31 | 0.35 | 0.37 | 77 | Technology |
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