Looking to balance out your exposure to SXT? The ETFs below have historically moved differently from SXT, 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 SXT
1 ETFs have low correlation with SXT (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Semiconductors ETF (PSI) (Semiconductors) with a 1Y correlation of 0.26, down from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.26 | 0.29 | 0.39 | 88 | Semiconductors, Technology Equities | SXT vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SXT, 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 Seneca Foods Corporation (SENEB) (Consumer Defensive) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seneca Foods Corporation | -0.01 | 0.03 | 0.03 | 89 | Consumer Defensive | |
| Nebius Group N.V. | 0.02 | — | — | 94 | Communication Services | |
| NVIDIA Corporation | 0.02 | 0.07 | 0.21 | 63 | Technology | |
| United Therapeutics Corporation | 0.08 | 0.10 | 0.14 | 92 | Healthcare | |
| Amazon.com, Inc | 0.10 | 0.16 | 0.29 | 68 | Consumer Cyclical |
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