Looking to balance out your exposure to SRGHY? The ETFs below have the lowest correlation with SRGHY — they tend to move on their own, which can help reduce risk when SRGHY drops. The stock ideas table highlights individual companies that behave independently from SRGHY.
Best Diversifiers for SRGHY
2 ETFs have low correlation with SRGHY (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.05, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.05 | 0.01 | -0.01 | 100 | Ultrashort Bond | SRGHY vs SGOV | |
| Vanguard S&P 500 ETF | 0.28 | 0.26 | 0.25 | 66 | S&P 500 | SRGHY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRGHY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRGHY and solid risk/return profiles. The least correlated is Dollar General Corporation (DG) (Consumer Defensive) with a 1Y correlation of 0.05, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dollar General Corporation | 0.05 | 0.08 | 0.09 | 56 | Consumer Defensive |
Build a portfolio that complements SRGHY
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