Looking to diversify beyond SOXX? The ETFs below have historically moved differently from SOXX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SOXX
430 ETFs have low correlation with SOXX (below 0.3), 88 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 63 | Derivative Income | SOXX vs WNTR | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.18 | — | — | 96 | Inflation-Protected Bonds | SOXX vs IBID | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.11 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SOXX vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.17 | -0.06 | -0.02 | 100 | Ultrashort Bond | SOXX vs SGOV | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | SOXX vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SOXX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.40, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.40 | -0.15 | 0.03 | 86 | Financial Services | |
| Arch Capital Group Ltd. | -0.38 | -0.13 | 0.04 | 60 | Financial Services | |
| Altria Group, Inc. | -0.37 | -0.20 | -0.08 | 64 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.32 | -0.19 | -0.07 | 59 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.30 | -0.07 | 0.05 | 82 | Financial Services |
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