Looking to balance out your exposure to SYM? The ETFs below have historically moved differently from SYM, 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 SYM
2 ETFs have low correlation with SYM (below 0.3), 0 of which are negatively correlated. The least correlated is PIMCO Enhanced Short Maturity Active ETF (MINT) (Ultrashort Bond) with a 1Y correlation of 0.03, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO Enhanced Short Maturity Active ETF | 0.03 | 0.08 | 0.05 | 100 | Ultrashort Bond | SYM vs MINT | |
| Schwab U.S. Dividend Equity ETF | 0.09 | 0.24 | 0.20 | 95 | Dividend | SYM vs SCHD | |
| WisdomTree Japan Hedged Equity Fund | 0.34 | 0.29 | 0.23 | 92 | Japan Equities, Asia Pacific Equities | SYM vs DXJ | |
| iShares MSCI Europe Financials ETF | 0.36 | 0.33 | 0.27 | 77 | Financials Equities | SYM vs EUFN | |
| iShares Asia/Pacific Dividend ETF | 0.37 | 0.33 | 0.25 | 90 | Asia Pacific Equities, Dividend | SYM vs DVYA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SYM, 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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.16 | -0.09 | -0.05 | 66 | Communication Services | |
| Equinor ASA | -0.16 | -0.01 | 0.02 | 85 | Energy | |
| Chevron Corporation | -0.15 | 0.03 | 0.04 | 79 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.00 | 0.02 | 85 | Energy | |
| Enbridge Inc. | -0.13 | 0.05 | 0.07 | 82 | Energy |
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