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
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 0.02, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.02 | 0.16 | 0.29 | 63 | Energy Equities | SQM vs XLE | |
| Invesco NASDAQ 100 ETF | 0.35 | 0.33 | 0.37 | 74 | Nasdaq-100 | SQM vs QQQM | |
| Vanguard S&P 500 ETF | 0.35 | 0.35 | 0.41 | 70 | S&P 500 | SQM vs VOO | |
| Vanguard Total Stock Market ETF | 0.36 | 0.37 | 0.43 | 68 | Large Cap Blend Equities | SQM vs VTI | |
| SPDR S&P Metals & Mining ETF | 0.48 | 0.51 | 0.55 | 77 | 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 Petróleo Brasileiro S.A. - Petrobras (PBR) (Energy) with a 1Y correlation of 0.13, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Petróleo Brasileiro S.A. - Petrobras | 0.13 | 0.22 | 0.29 | 86 | Energy | |
| Nutrien Ltd. | 0.13 | 0.31 | 0.39 | 58 | Basic Materials | |
| Pfizer Inc. | 0.14 | 0.15 | 0.15 | 61 | Healthcare | |
| Bank of America Corporation | 0.14 | 0.23 | 0.31 | 64 | Financial Services | |
| Baker Hughes Company | 0.17 | 0.23 | 0.32 | 89 | Energy |
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Build a portfolio that complements SQM
Add SQM to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SQM