Looking to balance out your exposure to SRE? The ETFs below have the lowest correlation with SRE — they tend to move on their own, which can help reduce risk when SRE drops. The stock ideas table highlights individual companies that behave independently from SRE.
Best Diversifiers for SRE
3 ETFs have low correlation with SRE (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.01, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.01 | 0.06 | 0.17 | 77 | Technology Equities | SRE vs FTEC | |
| iShares Core S&P 500 ETF | 0.17 | 0.25 | 0.35 | 74 | S&P 500 | SRE vs IVV | |
| State Street Energy Select Sector SPDR ETF | 0.22 | 0.30 | 0.34 | 70 | Energy Equities | SRE vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRE and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | -0.06 | 0.04 | 80 | Technology | |
| Palo Alto Networks, Inc. | -0.05 | 0.04 | 0.10 | 69 | Technology | |
| CrowdStrike Holdings, Inc. | -0.02 | 0.02 | 0.06 | 72 | Technology | |
| Amazon.com, Inc | -0.01 | 0.02 | 0.09 | 62 | Consumer Cyclical | |
| Twist Bioscience Corporation | -0.00 | 0.12 | 0.13 | 85 | Healthcare |
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