Looking to balance out your exposure to SSDOY? The ETFs below have the lowest correlation with SSDOY — they tend to move on their own, which can help reduce risk when SSDOY drops. The stock ideas table highlights individual companies that behave independently from SSDOY.
No Diversifiers Found for SSDOY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSDOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSDOY and solid risk/return profiles. The least correlated is The Estee Lauder Companies Inc. (EL) (Consumer Defensive) with a 1Y correlation of 0.25, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Estee Lauder Companies Inc. | 0.25 | 0.25 | 0.29 | 52 | Consumer Defensive |
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