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 Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.12 | 0.08 | 0.21 | 62 | Nasdaq-100 | SM vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | -0.12 | 0.07 | — | 65 | Nasdaq-100, Derivative Income | SM vs JEPQ | |
| Vanguard S&P 500 ETF | -0.08 | 0.15 | 0.31 | 66 | S&P 500 | SM vs VOO | |
| State Street SPDR S&P 500 ETF | -0.07 | 0.16 | 0.31 | 66 | S&P 500 | SM vs SPY | |
| iShares Russell 1000 ETF | -0.07 | 0.17 | 0.32 | 63 | Large Cap Blend Equities | SM vs IWB |
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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 Avino Silver & Gold Mines Ltd. (ASM) (Basic Materials) with a 1Y correlation of -0.11, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Avino Silver & Gold Mines Ltd. | -0.11 | 0.10 | 0.17 | 65 | Basic Materials | |
| Endeavour Silver Corp. | -0.08 | 0.09 | 0.18 | 70 | Basic Materials | |
| NVIDIA Corporation | -0.08 | 0.07 | 0.18 | 76 | Technology | |
| Sterling Construction Company, Inc. | -0.08 | 0.11 | 0.23 | 97 | Industrials | |
| Silvercorp Metals Inc. | -0.02 | 0.11 | 0.19 | 86 | Basic Materials |
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Build a portfolio that complements SM
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