Looking to balance out your exposure to SII? The ETFs below have the lowest correlation with SII — they tend to move on their own, which can help reduce risk when SII drops. The stock ideas table highlights individual companies that behave independently from SII.
Best Diversifiers for SII
1 ETFs have low correlation with SII (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P Biotech ETF (XBI) (Health & Biotech Equities) 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 |
|---|---|---|---|---|---|---|---|
| SPDR S&P Biotech ETF | 0.28 | 0.27 | 0.29 | 94 | Health & Biotech Equities | SII vs XBI | |
| iShares MSCI South Korea ETF | 0.37 | 0.35 | 0.38 | 91 | South Korea Equities, Asia Pacific Equities | SII vs EWY | |
| Avantis International Small Cap Value ETF | 0.50 | 0.49 | 0.49 | 72 | Foreign Small & Mid Cap Equities | SII vs AVDV | |
| iShares MSCI Mexico ETF | 0.52 | 0.40 | 0.38 | 52 | Latin America Equities | SII vs EWW | |
| Relative Sentiment Tactical Allocation ETF | 0.59 | 0.53 | — | 78 | Tactical Allocation | SII vs MOOD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SII, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SII and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.08 | -0.03 | 0.07 | 61 | Financial Services | |
| Exxon Mobil Corporation | -0.08 | 0.09 | 0.19 | 76 | Energy | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.03 | 0.13 | 0.20 | 73 | Energy | |
| AbbVie Inc. | -0.02 | 0.04 | 0.05 | 78 | Healthcare | |
| Eli Lilly and Company | 0.01 | 0.02 | 0.08 | 78 | Healthcare |
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