Looking to diversify beyond SSO? The ETFs below have the lowest correlation with SSO — 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.
Best Diversifiers for SSO
275 ETFs have low correlation with SSO (below 0.3), 58 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.49 | — | — | 68 | Inverse Equities, Leveraged Equities | SSO vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 57 | Cryptocurrency | SSO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | SSO vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.47 | — | — | 70 | Derivative Income | SSO vs WNTR | |
| Invesco DB US Dollar Index Bullish Fund | -0.33 | -0.24 | -0.30 | 51 | Currency | SSO vs UUP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSO and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.26, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.26 | -0.02 | 0.13 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.23 | -0.03 | 0.12 | 66 | Utilities | |
| Waste Management, Inc. | -0.20 | 0.09 | 0.27 | 53 | Industrials | |
| The Coca-Cola Company | -0.19 | 0.03 | 0.23 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.19 | 0.04 | 0.21 | 75 | Energy |
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