Looking to balance out your exposure to SIFY? The ETFs below have the lowest correlation with SIFY — they tend to move on their own, which can help reduce risk when SIFY drops. The stock ideas table highlights individual companies that behave independently from SIFY.
Best Diversifiers for SIFY
1 ETFs have low correlation with SIFY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.24, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.24 | 0.20 | 0.25 | 75 | Momentum, S&P 500 | SIFY vs SPMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIFY and solid risk/return profiles. The least correlated is Amylyx Pharmaceuticals, Inc. (AMLX) (Healthcare) with a 1Y correlation of 0.09, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amylyx Pharmaceuticals, Inc. | 0.09 | 0.11 | — | 89 | Healthcare | |
| Bloom Energy Corporation | 0.15 | 0.23 | 0.30 | 99 | Industrials |
Build a portfolio that complements SIFY
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