Looking to balance out your exposure to SXT? The ETFs below have the lowest correlation with SXT — they tend to move on their own, which can help reduce risk when SXT drops. The stock ideas table highlights individual companies that behave independently from SXT.
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 0.24, down from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Semiconductors ETF | 0.24 | 0.29 | 0.39 | 96 | Semiconductors, Technology Equities | SXT vs PSI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SXT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SXT and solid risk/return profiles. The least correlated is Seneca Foods Corporation (SENEB) (Consumer Defensive) with a 1Y correlation of -0.00, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Seneca Foods Corporation | -0.00 | 0.02 | 0.02 | 85 | Consumer Defensive | |
| Nebius Group N.V. | 0.02 | — | — | 97 | Communication Services | |
| NVIDIA Corporation | 0.07 | 0.08 | 0.25 | 78 | Technology | |
| United Therapeutics Corporation | 0.10 | 0.12 | 0.14 | 86 | Healthcare | |
| Amazon.com, Inc | 0.13 | 0.17 | 0.29 | 60 | Consumer Cyclical |
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