Looking to diversify beyond SOXQ? The ETFs below have the lowest correlation with SOXQ — 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 SOXQ.
Best Diversifiers for SOXQ
407 ETFs have low correlation with SOXQ (below 0.3), 78 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | -0.35 | 53 | Cryptocurrency | SOXQ vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 65 | Inverse Equities, Leveraged Equities | SOXQ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | SOXQ vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.10 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SOXQ vs USFR | |
| Texas Capital Government Money Market ETF | -0.19 | — | — | 100 | Money Market | SOXQ vs MMKT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOXQ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOXQ and solid risk/return profiles. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.38, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.38 | -0.15 | 0.03 | 83 | Financial Services | |
| Altria Group, Inc. | -0.33 | -0.20 | -0.07 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.33 | -0.23 | -0.11 | 65 | Utilities | |
| Colgate-Palmolive Company | -0.28 | -0.19 | -0.06 | 50 | Consumer Defensive | |
| Verizon Communications Inc. | -0.28 | -0.16 | -0.05 | 57 | Communication Services |
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