Looking to balance out your exposure to SOPH? The ETFs below have the lowest correlation with SOPH — they tend to move on their own, which can help reduce risk when SOPH drops. The stock ideas table highlights individual companies that behave independently from SOPH.
Best Diversifiers for SOPH
2 ETFs have low correlation with SOPH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Clean Energy ETF (ICLN) (Alternative Energy Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Clean Energy ETF | 0.15 | 0.18 | — | 87 | Alternative Energy Equities | SOPH vs ICLN | |
| Vanguard S&P 500 ETF | 0.22 | 0.16 | — | 70 | S&P 500 | SOPH vs VOO |
Diversification Analysis
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