Looking to balance out your exposure to SOUNW? The ETFs below have the lowest correlation with SOUNW — they tend to move on their own, which can help reduce risk when SOUNW drops. The stock ideas table highlights individual companies that behave independently from SOUNW.
Best Diversifiers for SOUNW
0 ETFs have low correlation with SOUNW (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.48, up from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.48 | 0.35 | 0.23 | 50 | Technology Equities | SOUNW vs VGT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOUNW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOUNW and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.30, up from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.30 | 0.21 | 0.14 | 63 | Technology | |
| Broadcom Inc. | 0.31 | 0.22 | 0.14 | 67 | Technology | |
| ASML Holding N.V. | 0.34 | 0.26 | 0.16 | 96 | Technology | |
| Tesla, Inc. | 0.35 | 0.30 | 0.23 | 59 | Consumer Cyclical | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.40 | 0.26 | 0.16 | 89 | Technology |
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