Looking to balance out your exposure to SIG? The ETFs below have historically moved differently from SIG, 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 SIG
1 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 0.28, down from 0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.36 | 0.41 | 58 | Nasdaq-100 | SIG vs QQQ | |
| Vanguard S&P 500 ETF | 0.38 | 0.44 | 0.48 | 78 | S&P 500 | SIG vs VOO | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.44 | 0.48 | 78 | S&P 500 | SIG vs SPY | |
| Vanguard Total Stock Market ETF | 0.42 | 0.47 | 0.51 | 78 | Large Cap Blend Equities | SIG vs VTI | |
| Putnam Focused Large Cap Value ETF | 0.46 | 0.48 | 0.51 | 95 | Large Cap Value Equities | SIG vs PVAL |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SIG, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.01, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.01 | 0.10 | 0.14 | 60 | Consumer Defensive | |
| Smithfield Foods, Inc | 0.11 | — | — | 57 | Consumer Defensive | |
| HP Inc. | 0.15 | 0.30 | 0.37 | 56 | Technology | |
| United Parcel Service, Inc. | 0.32 | 0.31 | 0.35 | 77 | Industrials | |
| Bank of America Corporation | 0.36 | 0.35 | 0.40 | 85 | Financial Services |
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