Looking to diversify beyond SOUX? The ETFs below have the lowest correlation with SOUX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SOUX.
Best Diversifiers for SOUX
0 ETFs have low correlation with SOUX (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | 0.36 | 0.36 | 0.36 | 97 | Leveraged Equities, Semiconductors | SOUX vs SOXL | |
| Innovator Growth Accelerated Plus ETF - July | 0.43 | 0.43 | 0.43 | 68 | Leveraged Equities | SOUX vs QTJL | |
| Defiance Nasdaq 100 Income Target ETF | 0.45 | 0.45 | 0.45 | 64 | Nasdaq-100, Derivative Income | SOUX vs QQQT |
Diversification Analysis
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