Looking to balance out your exposure to SURG? The ETFs below have the lowest correlation with SURG — they tend to move on their own, which can help reduce risk when SURG drops. The stock ideas table highlights individual companies that behave independently from SURG.
Best Diversifiers for SURG
1 ETFs have low correlation with SURG (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.29 | 0.21 | 70 | S&P 500 | SURG vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SURG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SURG and solid risk/return profiles. The least correlated is Sunoco LP (SUN) (Energy) with a 1Y correlation of -0.08, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Sunoco LP | -0.08 | 0.07 | 0.07 | 76 | Energy | |
| ALLETE, Inc. | -0.02 | 0.10 | 0.06 | 75 | Utilities | |
| Sonoco Products Company | 0.02 | 0.10 | 0.10 | 51 | Consumer Cyclical | |
| Rush Enterprises, Inc. | 0.03 | 0.17 | 0.11 | 70 | Consumer Cyclical | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.05 | 0.12 | 0.09 | 56 | Consumer Defensive |
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