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
270 ETFs have low correlation with SO (below 0.3), 151 of which are negatively correlated. The least correlated is Roundhill Generative AI & Technology ETF (CHAT) (Technology Equities) with a 1Y correlation of -0.27, roughly unchanged from -0.21 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Generative AI & Technology ETF | -0.27 | -0.21 | — | 94 | Technology Equities | SO vs CHAT | |
| YieldMax NVDA Option Income Strategy ETF | -0.27 | -0.20 | -0.20 | 52 | Derivative Income, Options Trading | SO vs NVDY | |
| ProShares Ultra Semiconductors | -0.27 | -0.23 | -0.10 | 90 | Leveraged Equities, Semiconductors | SO vs USD | |
| Fidelity MSCI Information Technology Index ETF | -0.26 | -0.18 | -0.00 | 77 | Technology Equities | SO vs FTEC | |
| iShares U.S. Technology ETF | -0.26 | -0.19 | -0.02 | 75 | Technology Equities | SO vs IYW |
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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 -0.27, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.27 | -0.22 | -0.08 | 78 | Technology | |
| Oracle Corporation | -0.27 | -0.12 | 0.03 | 58 | Technology | |
| Credo Technology Group Holding Ltd | -0.23 | -0.21 | -0.10 | 85 | Technology | |
| Micron Technology, Inc. | -0.22 | -0.17 | -0.07 | 99 | Technology | |
| Amazon.com, Inc | -0.19 | -0.12 | 0.01 | 60 | Consumer Cyclical |
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Build a portfolio that complements SO
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