Looking to balance out your exposure to SAN? The ETFs below have the lowest correlation with SAN — they tend to move on their own, which can help reduce risk when SAN drops. The stock ideas table highlights individual companies that behave independently from SAN.
Best Diversifiers for SAN
15 ETFs have low correlation with SAN (below 0.3), 5 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.07 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SAN vs BIL | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.04 | 0.08 | 0.17 | 77 | Commodities | SAN vs FTGC | |
| iShares Treasury Floating Rate Bond ETF | -0.04 | -0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SAN vs TFLO | |
| Invesco S&P SmallCap Energy ETF | -0.02 | 0.13 | 0.28 | 66 | Energy Equities | SAN vs PSCE | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.04 | 0.03 | 89 | Inflation-Protected Bonds | SAN vs VTIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SAN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAN and solid risk/return profiles. The least correlated is EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.20, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.20 | 0.02 | 0.18 | 66 | Energy | |
| Valero Energy Corporation | -0.17 | 0.03 | 0.17 | 97 | Energy | |
| Chevron Corporation | -0.15 | 0.05 | 0.21 | 74 | Energy | |
| Plains All American Pipeline, L.P. | -0.15 | 0.11 | 0.27 | 87 | Energy | |
| Diamondback Energy, Inc. | -0.15 | 0.02 | 0.19 | 80 | Energy |
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