Looking to balance out your exposure to SPXSY? The ETFs below have the lowest correlation with SPXSY — they tend to move on their own, which can help reduce risk when SPXSY drops. The stock ideas table highlights individual companies that behave independently from SPXSY.
No Diversifiers Found for SPXSY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXSY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXSY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.12, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.12 | 0.02 | 0.03 | 84 | Energy | |
| Rio Tinto Group | 0.30 | 0.29 | 0.20 | 94 | Basic Materials |
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