Looking to balance out your exposure to SQM? The ETFs below have historically moved differently from SQM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SQM
1 ETFs have low correlation with SQM (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.14 | 0.27 | 69 | Energy Equities | SQM vs XLE | |
| Vanguard S&P 500 ETF | 0.32 | 0.35 | 0.40 | 72 | S&P 500 | SQM vs VOO | |
| Vanguard Total Stock Market ETF | 0.32 | 0.36 | 0.42 | 72 | Large Cap Blend Equities | SQM vs VTI | |
| Invesco NASDAQ 100 ETF | 0.32 | 0.33 | 0.37 | 56 | Nasdaq-100 | SQM vs QQQM | |
| Invesco QQQ ETF | 0.34 | 0.30 | 0.34 | 55 | Nasdaq-100 | SQM vs QQQ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SQM, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.12, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.12 | 0.00 | 0.07 | 86 | Consumer Defensive | |
| UiPath Inc. | -0.02 | 0.22 | 0.27 | 55 | Technology | |
| Tyson Foods, Inc. | 0.01 | 0.09 | 0.16 | 58 | Consumer Defensive | |
| MetLife, Inc. | 0.04 | 0.17 | 0.27 | 78 | Financial Services | |
| Occidental Petroleum Corporation | 0.06 | 0.18 | 0.28 | 68 | Energy |
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