Looking to balance out your exposure to SLGL? The ETFs below have the lowest correlation with SLGL — they tend to move on their own, which can help reduce risk when SLGL drops. The stock ideas table highlights individual companies that behave independently from SLGL.
Best Diversifiers for SLGL
1 ETFs have low correlation with SLGL (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI South Korea ETF (EWY) (Asia Pacific Equities) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI South Korea ETF | 0.08 | 0.11 | 0.11 | 96 | Asia Pacific Equities | SLGL vs EWY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLGL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLGL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.01, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.01 | 0.06 | 0.06 | 78 | Technology | |
| Atmus Filtration Technologies Inc. | 0.02 | 0.07 | — | 64 | Industrials | |
| argenx SE | 0.04 | 0.04 | 0.08 | 73 | Healthcare | |
| Erasca, Inc. | 0.05 | 0.04 | — | 98 | Healthcare | |
| Micron Technology, Inc. | 0.07 | 0.12 | 0.11 | 99 | Technology |
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