Looking to balance out your exposure to SYRE? The ETFs below have the lowest correlation with SYRE — they tend to move on their own, which can help reduce risk when SYRE drops. The stock ideas table highlights individual companies that behave independently from SYRE.
Best Diversifiers for SYRE
1 ETFs have low correlation with SYRE (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | 0.29 | 0.29 | 0.25 | 58 | Technology Equities | SYRE vs FTEC | |
| Invesco QQQ ETF | 0.32 | 0.30 | 0.25 | 58 | Nasdaq-100 | SYRE vs QQQ | |
| Vanguard S&P 500 ETF | 0.37 | 0.34 | 0.27 | 66 | S&P 500 | SYRE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.34 | 0.27 | 66 | S&P 500 | SYRE vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SYRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SYRE and solid risk/return profiles. The least correlated is Phillips 66 (PSX) (Energy) with a 1Y correlation of 0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | 0.01 | 0.11 | 0.08 | 88 | Energy | |
| NVIDIA Corporation | 0.15 | 0.19 | 0.18 | 65 | Technology | |
| Rackspace Technology, Inc. | 0.18 | 0.18 | 0.18 | 86 | Technology | |
| Revolution Medicines, Inc. | 0.35 | 0.38 | 0.30 | 99 | Healthcare |
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