Looking to balance out your exposure to SYNA? The ETFs below have the lowest correlation with SYNA — they tend to move on their own, which can help reduce risk when SYNA drops. The stock ideas table highlights individual companies that behave independently from SYNA.
Best Diversifiers for SYNA
0 ETFs have low correlation with SYNA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.55, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.55 | 0.56 | 0.65 | 70 | S&P 500 | SYNA vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SYNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SYNA and solid risk/return profiles. The least correlated is Nordic Semiconductor ASA (NRSDY) (Technology) with a 1Y correlation of 0.14, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Nordic Semiconductor ASA | 0.14 | 0.10 | 0.14 | 89 | Technology | |
| Amphenol Corporation | 0.25 | 0.38 | 0.52 | 77 | Technology | |
| NVIDIA Corporation | 0.25 | 0.31 | 0.53 | 78 | Technology | |
| AXT, Inc. | 0.26 | 0.36 | 0.46 | 99 | Technology | |
| TDK Corp ADR | 0.29 | 0.32 | 0.36 | 88 | Technology |
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