Looking to balance out your exposure to SIG? The ETFs below have the lowest correlation with SIG — they tend to move on their own, which can help reduce risk when SIG drops. The stock ideas table highlights individual companies that behave independently from SIG.
Best Diversifiers for SIG
0 ETFs have low correlation with SIG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.35, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.35 | 0.38 | 0.43 | 59 | Nasdaq-100 | SIG vs QQQ | |
| Vanguard S&P 500 ETF | 0.43 | 0.45 | 0.49 | 59 | S&P 500 | SIG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.45 | 0.45 | 0.49 | 59 | S&P 500 | SIG vs SPY | |
| Vanguard Total Stock Market ETF | 0.48 | 0.49 | 0.52 | 59 | Large Cap Blend Equities | SIG vs VTI | |
| Putnam Focused Large Cap Value ETF | 0.52 | 0.50 | 0.53 | 87 | Large Cap Value Equities | SIG vs PVAL |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIG and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.06 | 0.09 | 0.14 | 69 | Consumer Defensive | |
| Smithfield Foods, Inc | 0.05 | — | — | 54 | Consumer Defensive | |
| United Parcel Service, Inc. | 0.35 | 0.33 | 0.35 | 54 | Industrials | |
| PulteGroup, Inc. | 0.39 | 0.42 | 0.44 | 61 | Consumer Cyclical | |
| Bank of America Corporation | 0.41 | 0.37 | 0.42 | 74 | Financial Services |
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