Looking to diversify beyond SOXL? The ETFs below have the lowest correlation with SOXL — 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 SOXL.
Best Diversifiers for SOXL
373 ETFs have low correlation with SOXL (below 0.3), 67 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 59 | Inverse Equities, Leveraged Equities | SOXL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 65 | Derivative Income | SOXL vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.09 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SOXL vs USFR | |
| Texas Capital Government Money Market ETF | -0.16 | — | — | 100 | Money Market | SOXL vs MMKT | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.15 | — | — | 96 | Inflation-Protected Bonds | SOXL vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOXL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOXL and solid risk/return profiles. The least correlated is Arch Capital Group Ltd. (ACGL) (Financial Services) with a 1Y correlation of -0.35, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Arch Capital Group Ltd. | -0.35 | -0.11 | 0.07 | 67 | Financial Services | |
| Altria Group, Inc. | -0.32 | -0.18 | -0.06 | 80 | Consumer Defensive | |
| W. R. Berkley Corporation | -0.32 | -0.12 | 0.05 | 53 | Financial Services | |
| Duke Energy Corporation | -0.31 | -0.22 | -0.11 | 64 | Utilities | |
| Chubb Limited | -0.31 | -0.10 | 0.05 | 83 | Financial Services |
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