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
1554 ETFs have low correlation with SOXS (below 0.3), 1486 of which are negatively correlated. The least correlated is Direxion Daily Semiconductor Bull 3X ETF (SOXL) (Leveraged Equities) 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 |
|---|---|---|---|---|---|---|---|
| Direxion Daily Semiconductor Bull 3X ETF | -1.00 | -1.00 | -1.00 | 93 | Leveraged Equities, Semiconductors | SOXS vs SOXL | |
| iShares Semiconductor ETF | -1.00 | -1.00 | -1.00 | 93 | Semiconductors, Technology Equities | SOXS vs SOXX | |
| Invesco PHLX Semiconductor ETF | -0.99 | -0.99 | -0.99 | 92 | Semiconductors, Technology Equities | SOXS vs SOXQ | |
| First Trust Nasdaq Semiconductor ETF | -0.98 | -0.98 | -0.98 | 94 | Semiconductors, Technology Equities | SOXS vs FTXL | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.98 | — | — | 94 | Derivative Income, Semiconductors | SOXS vs CHPY |
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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 -0.84, roughly unchanged from -0.88 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lam Research Corporation | -0.84 | -0.87 | -0.88 | 97 | Technology | |
| Applied Materials, Inc. | -0.83 | -0.86 | -0.88 | 96 | Technology | |
| Amkor Technology, Inc. | -0.77 | -0.80 | -0.81 | 95 | Technology | |
| KLA Corporation | -0.77 | -0.82 | -0.84 | 93 | Technology | |
| Advanced Micro Devices, Inc. | -0.76 | -0.77 | -0.80 | 97 | Technology |
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