Looking to balance out your exposure to SYM? The ETFs below have the lowest correlation with SYM — they tend to move on their own, which can help reduce risk when SYM drops. The stock ideas table highlights individual companies that behave independently from SYM.
Best Diversifiers for SYM
1 ETFs have low correlation with SYM (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) (Materials) with a 1Y correlation of 0.26, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.26 | 0.29 | 0.21 | 87 | Materials | SYM vs REMX | |
| WisdomTree Japan Hedged Equity Fund | 0.30 | 0.27 | 0.21 | 88 | Japan Equities | SYM vs DXJ | |
| Franklin FTSE South Korea ETF | 0.33 | 0.34 | 0.26 | 96 | Asia Pacific Equities | SYM vs FLKR | |
| Invesco Solar ETF | 0.35 | 0.35 | 0.26 | 85 | Alternative Energy Equities | SYM vs TAN | |
| Global X Genomics & Biotechnology ETF | 0.38 | 0.37 | 0.27 | 57 | Health & Biotech Equities | SYM vs GNOM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SYM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SYM and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.16, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.16 | -0.07 | -0.04 | 59 | Communication Services | |
| Equinor ASA | -0.13 | 0.02 | 0.03 | 82 | Energy | |
| Walmart Inc. | -0.05 | 0.04 | 0.06 | 63 | Consumer Defensive | |
| Kinder Morgan, Inc. | -0.03 | 0.16 | 0.12 | 60 | Energy | |
| Iberdrola SA | 0.01 | 0.12 | 0.10 | 82 | Utilities |
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