Looking to balance out your exposure to SPGI? The ETFs below have the lowest correlation with SPGI — they tend to move on their own, which can help reduce risk when SPGI drops. The stock ideas table highlights individual companies that behave independently from SPGI.
Best Diversifiers for SPGI
259 ETFs have low correlation with SPGI (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of -0.18, down from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | -0.18 | 0.14 | 0.35 | 92 | Semiconductors, Technology Equities | SPGI vs SOXQ | |
| First Trust Nasdaq Semiconductor ETF | -0.17 | 0.14 | 0.33 | 94 | Semiconductors, Technology Equities | SPGI vs FTXL | |
| YieldMax Semiconductor Portfolio Option Income ETF | -0.17 | — | — | 94 | Derivative Income, Semiconductors | SPGI vs CHPY | |
| Direxion Daily Semiconductor Bull 3X ETF | -0.17 | 0.15 | 0.35 | 93 | Leveraged Equities, Semiconductors | SPGI vs SOXL | |
| iShares Semiconductor ETF | -0.16 | 0.16 | 0.35 | 93 | Semiconductors, Technology Equities | SPGI vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPGI and solid risk/return profiles. The least correlated is Lumentum Holdings Inc. (LITE) (Technology) with a 1Y correlation of -0.22, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lumentum Holdings Inc. | -0.22 | 0.08 | 0.21 | 99 | Technology | |
| Vertiv Holdings Co. | -0.21 | 0.09 | 0.27 | 93 | Industrials | |
| Micron Technology, Inc. | -0.18 | 0.04 | 0.19 | 99 | Technology | |
| Applied Materials, Inc. | -0.17 | 0.12 | 0.31 | 96 | Technology | |
| Intel Corporation | -0.17 | 0.11 | 0.25 | 98 | Technology |
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