Looking to balance out your exposure to SITM? The ETFs below have the lowest correlation with SITM — they tend to move on their own, which can help reduce risk when SITM drops. The stock ideas table highlights individual companies that behave independently from SITM.
Best Diversifiers for SITM
1 ETFs have low correlation with SITM (below 0.3), 1 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.13, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.13 | 0.02 | 0.07 | 69 | Oil & Gas | SITM vs UGA | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.55 | 0.60 | 70 | S&P 500 | SITM vs SPY | |
| Vanguard S&P 500 ETF | 0.51 | 0.55 | 0.60 | 70 | S&P 500 | SITM vs VOO | |
| VanEck Semiconductor ETF | 0.58 | 0.63 | 0.70 | 96 | Semiconductors, Technology Equities | SITM vs SMH | |
| iShares Semiconductor ETF | 0.61 | 0.66 | 0.72 | 97 | Semiconductors, Technology Equities | SITM vs SOXX |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SITM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SITM and solid risk/return profiles. The least correlated is Vista Oil & Gas, S.A.B. de C.V. (VIST) (Energy) with a 1Y correlation of 0.00, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vista Oil & Gas, S.A.B. de C.V. | 0.00 | 0.14 | 0.16 | 68 | Energy | |
| Liquidia Corporation | 0.04 | 0.13 | 0.19 | 93 | Healthcare | |
| Welltower Inc. | 0.04 | 0.10 | 0.15 | 79 | Real Estate | |
| Kiniksa Pharmaceuticals, Ltd. | 0.09 | 0.20 | 0.23 | 83 | Healthcare | |
| Okeanis Eco Tankers Corp | 0.09 | — | — | 95 | Industrials |
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