Looking to balance out your exposure to SAH? The ETFs below have the lowest correlation with SAH — they tend to move on their own, which can help reduce risk when SAH drops. The stock ideas table highlights individual companies that behave independently from SAH.
Best Diversifiers for SAH
1 ETFs have low correlation with SAH (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.09, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.03 | -0.02 | 100 | Ultrashort Bond | SAH vs SGOV | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.41 | 0.43 | 74 | S&P 500 | SAH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SAH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAH and solid risk/return profiles. The least correlated is Millicom International Cellular S.A. (TIGO) (Communication Services) with a 1Y correlation of 0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Millicom International Cellular S.A. | 0.02 | 0.16 | 0.24 | 98 | Communication Services | |
| Altria Group, Inc. | 0.04 | 0.10 | 0.20 | 73 | Consumer Defensive | |
| Teekay Tankers Ltd. | 0.05 | 0.08 | 0.13 | 80 | Energy | |
| Spire Inc. | 0.07 | 0.21 | 0.25 | 63 | Utilities | |
| RTX Corporation | 0.09 | 0.18 | 0.26 | 75 | Industrials |
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