Looking to balance out your exposure to SID? The ETFs below have historically moved differently from SID, 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 SID
0 ETFs have low correlation with SID (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Equity Premium Income ETF (JEPI) (Dividend) with a 1Y correlation of 0.33, roughly unchanged from 0.33 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Equity Premium Income ETF | 0.33 | 0.32 | 0.33 | 56 | Dividend, Derivative Income | SID vs JEPI | |
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.44 | 0.42 | 0.37 | 61 | High Yield Bonds | SID vs HYG | |
| iShares MSCI Emerging Markets ETF | 0.47 | 0.51 | 0.53 | 64 | Emerging Markets Equities | SID vs EEM | |
| Vanguard Total International Stock ETF | 0.52 | 0.51 | 0.53 | 72 | Global Equities | SID vs VXUS | |
| Vanguard Total World Stock ETF | 0.53 | 0.47 | 0.46 | 77 | Global Equities | SID vs VT |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SID, 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 Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | -0.01 | 0.12 | 0.19 | 64 | Consumer Defensive | |
| Occidental Petroleum Corporation | 0.03 | 0.13 | 0.26 | 68 | Energy | |
| UiPath Inc. | 0.07 | 0.19 | 0.20 | 54 | Technology | |
| W. P. Carey Inc. | 0.08 | 0.21 | 0.24 | 75 | Real Estate | |
| Nokia Corporation | 0.20 | 0.23 | 0.28 | 90 | Technology |
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