Looking to balance out your exposure to SSUMY? The ETFs below have the lowest correlation with SSUMY — they tend to move on their own, which can help reduce risk when SSUMY drops. The stock ideas table highlights individual companies that behave independently from SSUMY.
Best Diversifiers for SSUMY
2 ETFs have low correlation with SSUMY (below 0.3), 0 of which are negatively correlated. The least correlated is STMicroelectronics NV ADRhedged (STHH) (Technology Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 0.19 | 0.17 | 0.17 | 89 | Technology Equities | SSUMY vs STHH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.26 | 0.29 | 0.31 | 97 | Leveraged Equities, Semiconductors | SSUMY vs SOXL | |
| VanEck Semiconductor ETF | 0.31 | 0.34 | 0.35 | 96 | Semiconductors, Technology Equities | SSUMY vs SMH | |
| Direxion Daily South Korea Bull 3X Shares | 0.33 | 0.38 | 0.38 | 97 | Leveraged Equities | SSUMY vs KORU | |
| Invesco S&P 500 Momentum ETF | 0.33 | 0.35 | 0.36 | 75 | Momentum, S&P 500 | SSUMY vs SPMO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SSUMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SSUMY and solid risk/return profiles. The least correlated is Monster Beverage Corporation (MNST) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Monster Beverage Corporation | 0.03 | 0.07 | 0.14 | 79 | Consumer Defensive | |
| The Coca-Cola Company | 0.04 | 0.07 | 0.13 | 66 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | 0.06 | 0.13 | 0.15 | 80 | Consumer Defensive | |
| Oracle Corporation | 0.08 | 0.18 | 0.21 | 58 | Technology | |
| Nebius Group N.V. | 0.15 | 0.18 | 0.18 | 97 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SSUMY
Add SSUMY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SSUMY