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
1 ETFs have low correlation with SAN (below 0.3), 0 of which are negatively correlated. The least correlated is YieldMax AMD Option Income Strategy ETF (AMDY) (Options Trading) with a 1Y correlation of 0.23, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax AMD Option Income Strategy ETF | 0.23 | 0.20 | 0.20 | 93 | Options Trading, Dividend | SAN vs AMDY | |
| YieldMax NVDA Option Income Strategy ETF | 0.34 | 0.24 | 0.24 | 52 | Derivative Income, Options Trading | SAN vs NVDY | |
| iShares Semiconductor ETF | 0.36 | 0.31 | 0.38 | 97 | Semiconductors, Technology Equities | SAN vs SOXX | |
| Global X NASDAQ 100 Covered Call ETF | 0.41 | 0.31 | 0.36 | 88 | Nasdaq-100, Derivative Income | SAN vs QYLD | |
| Invesco QQQ ETF | 0.50 | 0.36 | 0.41 | 73 | Nasdaq-100 | SAN vs QQQ |
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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 -0.15, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.15 | 0.06 | 0.21 | 69 | Energy | |
| Diamondback Energy, Inc. | -0.13 | 0.06 | 0.21 | 82 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.09 | 0.21 | 85 | Energy | |
| Plains All American Pipeline, L.P. | -0.09 | 0.14 | 0.29 | 87 | Energy | |
| Valero Energy Corporation | -0.06 | 0.10 | 0.20 | 93 | Energy |
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