Looking to balance out your exposure to SYRE? The ETFs below have historically moved differently from SYRE, 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 SYRE
1 ETFs have low correlation with SYRE (below 0.3), 0 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Holdings plc ADRhedged ETF | 0.16 | — | — | 95 | Financials Equities | SYRE vs HSBH | |
| Fidelity MSCI Information Technology Index ETF | 0.31 | 0.29 | 0.25 | 61 | Technology Equities | SYRE vs FTEC | |
| Invesco QQQ ETF | 0.33 | 0.29 | 0.25 | 58 | Nasdaq-100 | SYRE vs QQQ | |
| Vanguard S&P 500 ETF | 0.36 | 0.33 | 0.27 | 78 | S&P 500 | SYRE vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.33 | 0.28 | 78 | S&P 500 | SYRE vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SYRE, 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 Phillips 66 (PSX) (Energy) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Phillips 66 | 0.02 | 0.11 | 0.07 | 94 | Energy | |
| Datadog, Inc. | 0.09 | 0.16 | 0.15 | 83 | Technology | |
| Entravision Communications Corporation | 0.09 | 0.18 | 0.18 | 99 | Communication Services | |
| Calumet Specialty Products Partners, L.P. | 0.09 | — | — | 98 | Energy | |
| International Seaways, Inc. | 0.12 | 0.07 | 0.07 | 98 | Industrials |
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