Looking to balance out your exposure to SINGY? The ETFs below have the lowest correlation with SINGY — they tend to move on their own, which can help reduce risk when SINGY drops. The stock ideas table highlights individual companies that behave independently from SINGY.
Best Diversifiers for SINGY
1 ETFs have low correlation with SINGY (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.30 | 0.36 | 70 | S&P 500 | SINGY vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SINGY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SINGY and solid risk/return profiles. The least correlated is American Airlines Group Inc. (AAL) (Industrials) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Airlines Group Inc. | 0.19 | 0.19 | 0.27 | 51 | Industrials | |
| Delta Air Lines, Inc. | 0.24 | 0.24 | 0.31 | 80 | Industrials | |
| United Airlines Holdings, Inc. | 0.25 | 0.23 | 0.30 | 60 | Industrials |
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