Looking to diversify beyond SIXA? The ETFs below have the lowest correlation with SIXA — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SIXA.
Best Diversifiers for SIXA
331 ETFs have low correlation with SIXA (below 0.3), 31 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.32 | -0.23 | -0.30 | 51 | Currency | SIXA vs UUP | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.27 | -0.27 | 68 | Inverse Equities, Leveraged Equities | SIXA vs MSTZ | |
| ProShares UltraShort Yen | -0.28 | -0.11 | -0.06 | 72 | Leveraged Currency | SIXA vs YCS | |
| ProShares Short Bitcoin ETF | -0.27 | -0.25 | -0.28 | 57 | Cryptocurrency | SIXA vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SIXA vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIXA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIXA and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CBL & Associates Properties, Inc. | 0.33 | 0.41 | — | 98 | ||
| Berkshire Hathaway Inc. | 0.37 | 0.53 | 0.65 | 53 | Financial Services |
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