Looking to balance out your exposure to SLG? The ETFs below have the lowest correlation with SLG — they tend to move on their own, which can help reduce risk when SLG drops. The stock ideas table highlights individual companies that behave independently from SLG.
Best Diversifiers for SLG
1 ETFs have low correlation with SLG (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco NASDAQ 100 ETF (QQQM) (Nasdaq-100) with a 1Y correlation of 0.25, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | 0.25 | 0.33 | 0.38 | 60 | Nasdaq-100 | SLG vs QQQM | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.44 | 0.48 | 60 | S&P 500 | SLG vs SPY | |
| Invesco S&P 500 Quality ETF | 0.36 | 0.43 | 0.48 | 64 | S&P 500, Large Cap Blend Equities | SLG vs SPHQ | |
| Global X Russell 2000 Covered Call ETF | 0.40 | 0.52 | 0.54 | 71 | Derivative Income, Small Cap Blend Equities | SLG vs RYLD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLG and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.07 | 0.07 | 0.16 | 74 | Consumer Defensive | |
| EPR Properties | 0.35 | 0.44 | 0.52 | 52 | Real Estate | |
| STAG Industrial, Inc. | 0.45 | 0.52 | 0.50 | 59 | Real Estate | |
| Federal Realty Investment Trust | 0.50 | 0.58 | 0.62 | 90 | Real Estate |
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