Looking to diversify beyond SOXX? The ETFs below have the lowest correlation with SOXX — 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 SOXX.
Best Diversifiers for SOXX
356 ETFs have low correlation with SOXX (below 0.3), 87 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.03 | 0.07 | 71 | Oil & Gas | SOXX vs DBE | |
| United States Oil Fund LP | -0.20 | -0.03 | 0.06 | 66 | Oil & Gas | SOXX vs USO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | SOXX vs IBIC | |
| United States Brent Oil Fund LP | -0.19 | -0.02 | 0.06 | 65 | Oil & Gas | SOXX vs BNO | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 96 | Inflation-Protected Bonds | SOXX vs IBID |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOXX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.24, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.24 | -0.18 | -0.09 | 52 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.13 | -0.03 | 67 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.21 | -0.04 | 0.08 | 55 | Financial Services | |
| The Coca-Cola Company | -0.17 | -0.10 | 0.04 | 63 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.10 | -0.02 | 62 | Communication Services |
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