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
4 ETFs have low correlation with SSUMY (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 0.18 | — | — | 78 | Technology Equities | SSUMY vs STHH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.26 | 0.32 | 0.33 | 93 | Leveraged Equities, Semiconductors | SSUMY vs SOXL | |
| VanEck Semiconductor ETF | 0.28 | 0.32 | 0.33 | 92 | Semiconductors, Technology Equities | SSUMY vs SMH | |
| Invesco S&P 500 Momentum ETF | 0.29 | 0.35 | 0.36 | 62 | Momentum, S&P 500 | SSUMY vs SPMO | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.33 | 0.37 | 0.37 | 89 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | SSUMY vs KORU |
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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 PBF Energy Inc. (PBF) (Energy) with a 1Y correlation of -0.11, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| PBF Energy Inc. | -0.11 | 0.02 | 0.10 | 85 | Energy | |
| Occidental Petroleum Corporation | -0.11 | 0.06 | 0.15 | 62 | Energy | |
| Monster Beverage Corporation | -0.03 | 0.06 | 0.13 | 93 | Consumer Defensive | |
| The Coca-Cola Company | -0.02 | 0.05 | 0.12 | 83 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.10 | 0.14 | 83 | Consumer Defensive |
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Build a portfolio that complements SSUMY
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