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
302 ETFs have low correlation with SOXL (below 0.3), 45 of which are negatively correlated. The least correlated is iShares iBonds Oct 2027 Term TIPS ETF (IBID) (Inflation-Protected Bonds) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | -0.05 | -0.05 | 96 | Inflation-Protected Bonds | SOXL vs IBID | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | -0.08 | -0.08 | 98 | Inflation-Protected Bonds | SOXL vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.09 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SOXL vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.05 | -0.01 | 100 | Ultrashort Bond | SOXL vs SGOV | |
| Texas Capital Government Money Market ETF | -0.13 | -0.03 | -0.03 | 100 | Money Market | SOXL vs MMKT |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.26, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.26 | -0.18 | -0.10 | 63 | Utilities | |
| Chubb Limited | -0.25 | -0.08 | 0.06 | 69 | Financial Services | |
| RenaissanceRe Holdings Ltd. | -0.25 | -0.04 | 0.07 | 71 | Financial Services | |
| Altria Group, Inc. | -0.23 | -0.14 | -0.04 | 70 | Consumer Defensive | |
| The Southern Company | -0.19 | -0.15 | -0.05 | 55 | Utilities |
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