Looking to balance out your exposure to SM? The ETFs below have the lowest correlation with SM — they tend to move on their own, which can help reduce risk when SM drops. The stock ideas table highlights individual companies that behave independently from SM.
Best Diversifiers for SM
7 ETFs have low correlation with SM (below 0.3), 7 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of -0.13, down from 0.07 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | -0.13 | 0.07 | — | 71 | Nasdaq-100, Derivative Income | SM vs JEPQ | |
| Invesco QQQ ETF | -0.13 | 0.08 | 0.21 | 64 | Nasdaq-100 | SM vs QQQ | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.14 | 0.29 | 67 | S&P 500 | SM vs SPY | |
| iShares Russell 1000 ETF | -0.10 | 0.15 | 0.30 | 65 | Large Cap Blend Equities | SM vs IWB | |
| Vanguard S&P 500 ETF | -0.10 | 0.14 | 0.29 | 68 | S&P 500 | SM vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SM and solid risk/return profiles. The least correlated is General Motors Company (GM) (Consumer Cyclical) with a 1Y correlation of -0.13, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Motors Company | -0.13 | 0.16 | 0.27 | 84 | Consumer Cyclical | |
| Avino Silver & Gold Mines Ltd. | -0.11 | 0.08 | 0.17 | 67 | Basic Materials | |
| Endeavour Silver Corp. | -0.10 | 0.07 | 0.17 | 66 | Basic Materials | |
| Sterling Infrastructure, Inc. | -0.08 | 0.09 | 0.21 | 93 | Industrials | |
| NVIDIA Corporation | -0.06 | 0.08 | 0.18 | 69 | Technology |
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Build a portfolio that complements SM
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Analyze a portfolio with SM