Looking to balance out your exposure to SLDP? The ETFs below have historically moved differently from SLDP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SLDP
1 ETFs have low correlation with SLDP (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer US Small Cap Cash Cows ETF (CALF) (Small Cap Value Equities) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer US Small Cap Cash Cows ETF | 0.29 | 0.40 | 0.42 | 92 | Small Cap Value Equities | SLDP vs CALF | |
| VanEck Semiconductor ETF | 0.45 | 0.33 | 0.36 | 87 | Semiconductors, Technology Equities | SLDP vs SMH | |
| Vanguard S&P 500 ETF | 0.48 | 0.40 | 0.41 | 68 | S&P 500 | SLDP vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLDP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Bristol-Myers Squibb Company (BMY) (Healthcare) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Bristol-Myers Squibb Company | -0.03 | 0.08 | 0.08 | 92 | Healthcare | |
| AxoGen, Inc. | 0.03 | 0.20 | 0.24 | 98 | Healthcare | |
| Praxis Precision Medicines, Inc. | 0.07 | 0.17 | 0.19 | 98 | Healthcare | |
| Nektar Therapeutics | 0.13 | 0.27 | 0.29 | 94 | Healthcare | |
| Protagonist Therapeutics Inc | 0.13 | 0.19 | 0.20 | 97 | Healthcare |
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