Looking to diversify beyond SSO.AX? The ETFs below have the lowest correlation with SSO.AX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SSO.AX.
Best Diversifiers for SSO.AX
0 ETFs have low correlation with SSO.AX (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR ETFs Australia - State Street SPDR S&P/ASX 200 Resources ETF (OZR.AX) (Global Equities) with a 1Y correlation of 0.63, up from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR ETFs Australia - State Street SPDR S&P/ASX 20... | 0.63 | 0.55 | 0.52 | 63 | Global Equities | SSO.AX vs OZR.AX | |
| SPDR ETFs Australia - State Street SPDR S&P World ... | 0.63 | 0.57 | 0.57 | 52 | Global Equities | SSO.AX vs WXHG.AX |
Diversification Analysis
Build a portfolio that complements SSO.AX
Add SSO.AX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SSO.AX