Looking to balance out your exposure to SSL? The ETFs below have the lowest correlation with SSL — they tend to move on their own, which can help reduce risk when SSL drops. The stock ideas table highlights individual companies that behave independently from SSL.
Best Diversifiers for SSL
1 ETFs have low correlation with SSL (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.06, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.06 | 0.15 | 0.26 | 74 | S&P 500 | SSL vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSL and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.09, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.09 | 0.04 | 0.14 | 80 | Technology | |
| SoFi Technologies, Inc. | -0.04 | 0.10 | 0.17 | 55 | Financial Services | |
| Amazon.com, Inc | -0.04 | 0.05 | 0.14 | 62 | Consumer Cyclical | |
| Vale S.A. | 0.16 | 0.36 | 0.41 | 89 | Basic Materials |
Build a portfolio that complements SSL
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