Looking to balance out your exposure to SSD? The ETFs below have the lowest correlation with SSD — they tend to move on their own, which can help reduce risk when SSD drops. The stock ideas table highlights individual companies that behave independently from SSD.
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 0.38, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.38 | 0.48 | 0.57 | 70 | S&P 500 | SSD vs SPY | |
| Vanguard Total Stock Market ETF | 0.42 | 0.52 | 0.60 | 68 | Large Cap Blend Equities | SSD vs VTI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSD and solid risk/return profiles. The least correlated is AppLovin Corporation (APP) (Technology) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AppLovin Corporation | 0.02 | 0.16 | 0.27 | 59 | Technology | |
| MongoDB, Inc. | 0.06 | 0.23 | 0.30 | 75 | Technology | |
| NVIDIA Corporation | 0.06 | 0.17 | 0.31 | 78 | Technology | |
| Fabrinet | 0.11 | 0.28 | 0.38 | 93 | Technology | |
| Eli Lilly and Company | 0.14 | 0.12 | 0.16 | 72 | Healthcare |
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