Looking to balance out your exposure to SSUMY? The ETFs below have historically moved differently from SSUMY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SSUMY
2 ETFs have low correlation with SSUMY (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| STMicroelectronics NV ADRhedged | 0.20 | — | — | 80 | Technology Equities | SSUMY vs STHH | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.30 | 0.32 | 0.33 | 90 | Leveraged Equities, Semiconductors | SSUMY vs SOXL | |
| VanEck Semiconductor ETF | 0.31 | 0.33 | 0.33 | 87 | Semiconductors, Technology Equities | SSUMY vs SMH | |
| Direxion Daily MSCI South Korea Bull 3X Shares | 0.32 | 0.37 | 0.37 | 78 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | SSUMY vs KORU | |
| First Trust RBA American Industrial Renaissance ET... | 0.36 | 0.37 | 0.37 | 54 | Building & Construction | SSUMY vs AIRR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SSUMY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.12, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.12 | 0.06 | 0.14 | 70 | Energy | |
| PBF Energy Inc. | -0.10 | 0.02 | 0.10 | 96 | Energy | |
| Monster Beverage Corporation | -0.03 | 0.07 | 0.13 | 94 | Consumer Defensive | |
| The Coca-Cola Company | -0.03 | 0.05 | 0.11 | 90 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.02 | 0.11 | 0.14 | 87 | Consumer Defensive |
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