Looking to balance out your exposure to SO? The ETFs below have the lowest correlation with SO — they tend to move on their own, which can help reduce risk when SO drops. The stock ideas table highlights individual companies that behave independently from SO.
Best Diversifiers for SO
235 ETFs have low correlation with SO (below 0.3), 122 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.30, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.30 | -0.20 | -0.02 | 59 | Technology Equities | SO vs IYW | |
| Roundhill Generative AI & Technology ETF | -0.30 | -0.23 | — | 89 | Technology Equities | SO vs CHAT | |
| ProShares Ultra Semiconductors | -0.29 | -0.23 | -0.09 | 82 | Leveraged Equities, Semiconductors | SO vs USD | |
| State Street Technology Select Sector SPDR ETF | -0.29 | -0.19 | 0.00 | 66 | Technology Equities | SO vs XLK | |
| Fidelity MSCI Information Technology Index ETF | -0.29 | -0.19 | -0.01 | 60 | Technology Equities | SO vs FTEC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SO and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.29, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.29 | -0.23 | -0.09 | 72 | Technology | |
| Micron Technology, Inc. | -0.26 | -0.18 | -0.08 | 99 | Technology | |
| Broadcom Inc. | -0.26 | -0.22 | -0.06 | 72 | Technology | |
| CrowdStrike Holdings, Inc. | -0.26 | -0.19 | -0.09 | 65 | Technology | |
| Credo Technology Group Holding Ltd | -0.23 | -0.21 | -0.11 | 88 | Technology |
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Build a portfolio that complements SO
Add SO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SO