Looking to balance out your exposure to SIGA? The ETFs below have the lowest correlation with SIGA — they tend to move on their own, which can help reduce risk when SIGA drops. The stock ideas table highlights individual companies that behave independently from SIGA.
Best Diversifiers for SIGA
1 ETFs have low correlation with SIGA (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, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.28 | 0.26 | 0.29 | 59 | Nasdaq-100 | SIGA vs QQQ |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIGA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIGA and solid risk/return profiles. The least correlated is Quest Diagnostics Incorporated (DGX) (Healthcare) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Quest Diagnostics Incorporated | 0.02 | 0.11 | 0.14 | 63 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.03 | 0.05 | 0.12 | 83 | Consumer Defensive | |
| UnitedHealth Group Incorporated | 0.12 | 0.08 | 0.10 | 68 | Healthcare | |
| Caterpillar Inc. | 0.22 | 0.27 | 0.23 | 98 | Industrials | |
| SkyWater Technology, Inc. | 0.35 | 0.28 | 0.27 | 94 | Technology |
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