Looking to balance out your exposure to SSD? The ETFs below have historically moved differently from SSD, 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 SSD
0 ETFs have low correlation with SSD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.37, down from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.37 | 0.48 | 0.56 | 67 | S&P 500 | SSD vs SPY | |
| Vanguard Total Stock Market ETF | 0.40 | 0.51 | 0.59 | 67 | Large Cap Blend Equities | SSD vs VTI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SSD, 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 Western Midstream Partners, LP (WES) (Energy) with a 1Y correlation of 0.01, down from 0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Western Midstream Partners, LP | 0.01 | 0.18 | 0.24 | 80 | Energy | |
| MongoDB, Inc. | 0.01 | 0.21 | 0.29 | 66 | Technology | |
| New Oriental Education & Technology Group Inc. | 0.05 | 0.16 | 0.15 | 72 | Consumer Defensive | |
| Fabrinet | 0.06 | 0.25 | 0.36 | 63 | Technology | |
| Cisco Systems, Inc. | 0.08 | 0.21 | 0.34 | 93 | Technology |
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