Looking to balance out your exposure to SID? The ETFs below have the lowest correlation with SID — they tend to move on their own, which can help reduce risk when SID drops. The stock ideas table highlights individual companies that behave independently from SID.
Best Diversifiers for SID
0 ETFs have low correlation with SID (below 0.3), 0 of which are negatively correlated. The least correlated is iShares iBoxx $ High Yield Corporate Bond ETF (HYG) (High Yield Bonds) with a 1Y correlation of 0.44, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBoxx $ High Yield Corporate Bond ETF | 0.44 | 0.42 | 0.37 | 59 | High Yield Bonds | SID vs HYG | |
| iShares MSCI Emerging Markets ETF | 0.49 | 0.52 | 0.53 | 65 | Emerging Markets Diversified | SID vs EEM | |
| Vanguard Total World Stock ETF | 0.53 | 0.48 | 0.47 | 65 | Global Equities | SID vs VT | |
| Vanguard Total International Stock ETF | 0.53 | 0.52 | 0.53 | 59 | Global Equities | SID vs VXUS |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SID, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SID and solid risk/return profiles. The least correlated is Tyson Foods, Inc. (TSN) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tyson Foods, Inc. | -0.02 | 0.11 | 0.19 | 57 | Consumer Defensive | |
| W. P. Carey Inc. | 0.08 | 0.21 | 0.24 | 77 | Real Estate | |
| Nokia Corporation | 0.20 | 0.23 | 0.28 | 94 | Technology | |
| Block, Inc | 0.28 | 0.31 | 0.27 | 56 | Technology | |
| Apple Inc | 0.31 | 0.26 | 0.23 | 91 | Technology |
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