Looking to balance out your exposure to SSRM? The ETFs below have the lowest correlation with SSRM — they tend to move on their own, which can help reduce risk when SSRM drops. The stock ideas table highlights individual companies that behave independently from SSRM.
Best Diversifiers for SSRM
6 ETFs have low correlation with SSRM (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.11, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.08 | 0.17 | 70 | Energy Equities | SSRM vs XLE | |
| Schwab U.S. Dividend Equity ETF | 0.04 | 0.15 | 0.20 | 85 | Dividend | SSRM vs SCHD | |
| YieldMax NVDA Option Income Strategy ETF | 0.19 | 0.12 | — | 56 | Derivative Income, Options Trading | SSRM vs NVDY | |
| iShares MSCI Poland ETF | 0.26 | 0.28 | 0.30 | 57 | Europe Equities | SSRM vs EPOL | |
| Nomura Focused Emerging Markets Equity ETF | 0.27 | 0.25 | 0.25 | 96 | Emerging Markets Diversified | SSRM vs EMEQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSRM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSRM and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.15, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.04 | 0.13 | 86 | Energy | |
| Coterra Energy Inc. | -0.08 | 0.08 | 0.13 | 80 | Energy | |
| Eli Lilly and Company | 0.04 | 0.04 | 0.06 | 75 | Healthcare | |
| Dillard's, Inc. | 0.04 | 0.10 | 0.11 | 79 | Consumer Cyclical | |
| REX American Resources Corporation | 0.05 | 0.16 | 0.18 | 96 | Basic Materials |
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Build a portfolio that complements SSRM
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