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
310 ETFs have low correlation with SOXX (below 0.3), 49 of which are negatively correlated. The least correlated is YieldMax Short MSTR Option Income Strategy ETF (WNTR) (Derivative Income) with a 1Y correlation of -0.37, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax Short MSTR Option Income Strategy ETF | -0.37 | -0.38 | -0.38 | 51 | 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 | -0.17 | -0.09 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SOXX vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | — | — | 98 | Inflation-Protected Bonds | SOXX vs IBIC | |
| Texas Capital Government Money Market ETF | -0.14 | — | — | 100 | Money Market | SOXX vs MMKT |
To view more results, upgrade your current subscription plan.
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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.33, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.33 | -0.12 | 0.06 | 72 | Financial Services | |
| Duke Energy Corporation | -0.25 | -0.18 | -0.10 | 64 | Utilities | |
| RenaissanceRe Holdings Ltd. | -0.25 | -0.05 | 0.06 | 77 | Financial Services | |
| Altria Group, Inc. | -0.24 | -0.14 | -0.04 | 74 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.20 | -0.11 | -0.03 | 50 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SOXX
Add SOXX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOXX