Looking to balance out your exposure to SXI? The ETFs below have the lowest correlation with SXI — they tend to move on their own, which can help reduce risk when SXI drops. The stock ideas table highlights individual companies that behave independently from SXI.
Best Diversifiers for SXI
0 ETFs have low correlation with SXI (below 0.3), 0 of which are negatively correlated. The least correlated is Pacer US Cash Cows 100 ETF (COWZ) (Mid Cap Value Equities) with a 1Y correlation of 0.40, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer US Cash Cows 100 ETF | 0.40 | 0.52 | 0.56 | 69 | Mid Cap Value Equities, Dividend | SXI vs COWZ | |
| State Street SPDR S&P 500 ETF | 0.51 | 0.49 | 0.53 | 74 | S&P 500 | SXI vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SXI and solid risk/return profiles. The least correlated is Eaton Corporation plc (ETN) (Industrials) with a 1Y correlation of 0.46, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Corporation plc | 0.46 | 0.48 | 0.53 | 67 | Industrials |
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