Looking to balance out your exposure to SO? The ETFs below have historically moved differently from SO, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SO
271 ETFs have low correlation with SO (below 0.3), 179 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of -0.35, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | -0.35 | -0.22 | -0.04 | 51 | Technology Equities | SO vs IYW | |
| Roundhill Generative AI & Technology ETF | -0.35 | -0.25 | — | 66 | Artificial Intelligence, Technology Equities | SO vs CHAT | |
| Fidelity MSCI Information Technology Index ETF | -0.34 | -0.21 | -0.03 | 52 | Technology Equities | SO vs FTEC | |
| State Street Technology Select Sector SPDR ETF | -0.34 | -0.20 | -0.01 | 55 | Technology Equities | SO vs XLK | |
| iShares Global Tech ETF | -0.33 | -0.19 | -0.02 | 63 | Technology Equities | SO vs IXN |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SO, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Broadcom Inc. (AVGO) (Technology) with a 1Y correlation of -0.31, down from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Broadcom Inc. | -0.31 | -0.24 | -0.07 | 67 | Technology | |
| Interactive Brokers Group, Inc. | -0.29 | -0.11 | -0.03 | 73 | Financial Services | |
| Western Digital Corporation | -0.28 | -0.18 | -0.05 | 99 | Technology | |
| Micron Technology, Inc. | -0.28 | -0.20 | -0.09 | 99 | Technology | |
| NVIDIA Corporation | -0.28 | -0.23 | -0.09 | 56 | Technology |
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Build a portfolio that complements SO
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