Looking to balance out your exposure to SXC? The ETFs below have the lowest correlation with SXC — they tend to move on their own, which can help reduce risk when SXC drops. The stock ideas table highlights individual companies that behave independently from SXC.
Best Diversifiers for SXC
1 ETFs have low correlation with SXC (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of 0.30, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.30 | 0.32 | 0.34 | 96 | Semiconductors, Technology Equities | SXC vs PSI | |
| Invesco DWA Energy Momentum ETF | 0.34 | 0.46 | 0.55 | 69 | Momentum, Energy Equities | SXC vs PXI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SXC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SXC and solid risk/return profiles. The least correlated is Coterra Energy Inc. (CTRA) (Energy) with a 1Y correlation of 0.12, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coterra Energy Inc. | 0.12 | 0.26 | 0.38 | 80 | Energy | |
| BHP Group | 0.33 | 0.39 | 0.49 | 92 | Basic Materials | |
| Alliance Resource Partners, L.P. | 0.33 | 0.33 | 0.45 | 54 | Energy | |
| Rio Tinto Group | 0.40 | 0.40 | 0.48 | 94 | Basic Materials |
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