Looking to balance out your exposure to SZLMY? The ETFs below have the lowest correlation with SZLMY — they tend to move on their own, which can help reduce risk when SZLMY drops. The stock ideas table highlights individual companies that behave independently from SZLMY.
No Diversifiers Found for SZLMY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SZLMY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SZLMY and solid risk/return profiles. The least correlated is Hess Midstream LP (HESM) (Energy) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Hess Midstream LP | -0.01 | 0.06 | 0.12 | 54 | Energy | |
| Nebius Group N.V. | 0.02 | — | — | 97 | Communication Services | |
| Flex Ltd. | 0.05 | 0.09 | 0.13 | 98 | Technology | |
| Coca-Cola Consolidated, Inc. | 0.10 | 0.11 | 0.10 | 81 | Consumer Defensive | |
| Gilead Sciences, Inc. | 0.13 | 0.13 | 0.13 | 65 | Healthcare |
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