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
401 ETFs have low correlation with SOXX (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.32 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | — | 53 | Cryptocurrency | SOXX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.35 | — | — | 65 | Inverse Equities, Leveraged Equities | SOXX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.33 | — | — | 70 | Derivative Income | SOXX vs WNTR | |
| WisdomTree Floating Rate Treasury Fund | -0.18 | -0.10 | -0.05 | 100 | Government Bonds, Ultrashort Bond | SOXX vs USFR | |
| Texas Capital Government Money Market ETF | -0.17 | — | — | 100 | Money Market | SOXX vs MMKT |
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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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.38, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.38 | -0.14 | 0.05 | 83 | Financial Services | |
| Arch Capital Group Ltd. | -0.37 | -0.12 | 0.06 | 62 | Financial Services | |
| W. R. Berkley Corporation | -0.33 | -0.12 | 0.05 | 54 | Financial Services | |
| Altria Group, Inc. | -0.32 | -0.18 | -0.06 | 78 | Consumer Defensive | |
| Duke Energy Corporation | -0.32 | -0.22 | -0.10 | 65 | Utilities |
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