Looking to balance out your exposure to SURG? The ETFs below have historically moved differently from SURG, 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 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 0.21, roughly unchanged from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.21 | 0.28 | 0.22 | 67 | S&P 500 | SURG vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SURG, 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 Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.10, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.10 | 0.02 | 0.02 | 77 | Real Estate | |
| Sunoco LP | -0.10 | 0.06 | 0.07 | 90 | Energy | |
| Sonoco Products Company | -0.04 | 0.09 | 0.09 | 73 | Consumer Cyclical | |
| Nestlé S.A. | -0.04 | 0.02 | 0.03 | 70 | Consumer Defensive | |
| Sempra Energy | -0.02 | 0.04 | 0.05 | 62 | Utilities |
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