Looking to diversify beyond SOXS? The ETFs below have the lowest correlation with SOXS — 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 SOXS.
Best Diversifiers for SOXS
1574 ETFs have low correlation with SOXS (below 0.3), 1530 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -1.00 | -1.00 | -1.00 | 96 | Semiconductors, Technology Equities | SOXS vs SOXX | |
| Direxion Daily Semiconductor Bull 3X ETF | -1.00 | -1.00 | -1.00 | 97 | Leveraged Equities, Semiconductors | SOXS vs SOXL | |
| Invesco PHLX Semiconductor ETF | -0.99 | -0.99 | -0.99 | 96 | Semiconductors, Technology Equities | SOXS vs SOXQ | |
| First Trust Nasdaq Semiconductor ETF | -0.98 | -0.98 | -0.98 | 97 | Semiconductors, Technology Equities | SOXS vs FTXL | |
| VanEck Semiconductor ETF | -0.97 | -0.97 | -0.98 | 96 | Semiconductors, Technology Equities | SOXS vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOXS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOXS and solid risk/return profiles. The least correlated is Lam Research Corporation (LRCX) (Technology) with a 1Y correlation of -0.83, roughly unchanged from -0.88 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.83 | -0.86 | -0.88 | 99 | Technology | |
| Applied Materials, Inc. | -0.82 | -0.86 | -0.88 | 98 | Technology | |
| KLA Corporation | -0.76 | -0.82 | -0.84 | 97 | Technology | |
| Advanced Micro Devices, Inc. | -0.74 | -0.76 | -0.80 | 97 | Technology | |
| Micron Technology, Inc. | -0.72 | -0.73 | -0.76 | 99 | Technology |
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