Looking to balance out your exposure to SQM? The ETFs below have the lowest correlation with SQM — they tend to move on their own, which can help reduce risk when SQM drops. The stock ideas table highlights individual companies that behave independently from SQM.
Best Diversifiers for SQM
0 ETFs have low correlation with SQM (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.32 | 0.33 | 0.37 | 59 | Nasdaq-100 | SQM vs QQQ | |
| Invesco NASDAQ 100 ETF | 0.33 | 0.33 | 0.37 | 60 | Nasdaq-100 | SQM vs QQQM | |
| Vanguard S&P 500 ETF | 0.34 | 0.35 | 0.41 | 59 | S&P 500 | SQM vs VOO | |
| Vanguard Total Stock Market ETF | 0.36 | 0.37 | 0.43 | 59 | Large Cap Blend Equities | SQM vs VTI | |
| SPDR S&P Metals & Mining ETF | 0.51 | 0.51 | 0.55 | 54 | Materials | SQM vs XME |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SQM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SQM and solid risk/return profiles. The least correlated is Axsome Therapeutics, Inc. (AXSM) (Healthcare) with a 1Y correlation of 0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Axsome Therapeutics, Inc. | 0.10 | 0.13 | 0.21 | 96 | Healthcare | |
| TDK Corp ADR | 0.13 | 0.23 | 0.28 | 88 | Technology | |
| Bank of America Corporation | 0.15 | 0.23 | 0.32 | 74 | Financial Services | |
| Wells Fargo & Company | 0.15 | 0.19 | 0.28 | 53 | Financial Services | |
| Baker Hughes Company | 0.15 | 0.21 | 0.31 | 84 | Energy |
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Build a portfolio that complements SQM
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Analyze a portfolio with SQM