Looking to balance out your exposure to SIMO? The ETFs below have the lowest correlation with SIMO — they tend to move on their own, which can help reduce risk when SIMO drops. The stock ideas table highlights individual companies that behave independently from SIMO.
Best Diversifiers for SIMO
0 ETFs have low correlation with SIMO (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.42, roughly unchanged from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.42 | 0.40 | 0.41 | 93 | Asia Pacific Equities | SIMO vs EWY | |
| Direxion Daily South Korea Bull 3X Shares | 0.42 | 0.41 | 0.41 | 94 | Leveraged Equities | SIMO vs KORU | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.50 | 0.47 | 60 | S&P 500 | SIMO vs SPY | |
| Vanguard S&P 500 ETF | 0.50 | 0.50 | 0.47 | 60 | S&P 500 | SIMO vs VOO | |
| ProShares UltraPro QQQ | 0.57 | 0.54 | 0.51 | 51 | Leveraged Equities | SIMO vs TQQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIMO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIMO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.10 | -0.05 | 74 | Consumer Defensive | |
| Chubb Limited | -0.17 | -0.05 | 0.03 | 72 | Financial Services | |
| AbbVie Inc. | 0.00 | 0.07 | 0.06 | 74 | Healthcare | |
| Marathon Petroleum Corporation | 0.03 | 0.10 | 0.16 | 82 | Energy | |
| Linde plc | 0.05 | 0.15 | 0.23 | 61 | Basic Materials |
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