Looking to balance out your exposure to SYPR? The ETFs below have the lowest correlation with SYPR — they tend to move on their own, which can help reduce risk when SYPR drops. The stock ideas table highlights individual companies that behave independently from SYPR.
Best Diversifiers for SYPR
2 ETFs have low correlation with SYPR (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of 0.20, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | 0.20 | 0.16 | 0.20 | 96 | Semiconductors, Technology Equities | SYPR vs SOXX | |
| Vanguard Total Stock Market ETF | 0.29 | 0.20 | 0.25 | 73 | Large Cap Blend Equities | SYPR vs VTI |
Diversification Analysis
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