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
3 ETFs have low correlation with SSRM (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.08 | 0.16 | 0.20 | 77 | Dividend | SSRM vs SCHD | |
| Nomura Focused Emerging Markets Equity ETF | 0.29 | — | — | 94 | Emerging Markets Diversified | SSRM vs EMEQ | |
| Franklin FTSE South Korea ETF | 0.29 | 0.29 | 0.31 | 93 | Asia Pacific Equities | SSRM vs FLKR | |
| WisdomTree Japan Hedged Equity Fund | 0.35 | 0.22 | 0.19 | 92 | Japan Equities | SSRM vs DXJ | |
| Vanguard S&P 500 ETF | 0.36 | 0.26 | 0.24 | 60 | S&P 500 | SSRM vs VOO |
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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 -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.15 | 0.03 | 0.12 | 74 | Energy | |
| Eli Lilly and Company | 0.06 | 0.04 | 0.05 | 75 | Healthcare | |
| Dillard's, Inc. | 0.06 | 0.10 | 0.11 | 75 | Consumer Cyclical | |
| BW LPG Limited | 0.07 | 0.09 | 0.07 | 85 | Industrials | |
| Catalyst Pharmaceuticals, Inc. | 0.07 | 0.12 | 0.13 | 80 | Healthcare |
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Build a portfolio that complements SSRM
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