Looking to balance out your exposure to SAN? The ETFs below have historically moved differently from SAN, 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 SAN
17 ETFs have low correlation with SAN (below 0.3), 5 of which are negatively correlated. The least correlated is First Trust Global Tactical Commodity Strategy Fund (FTGC) (Commodities) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Global Tactical Commodity Strategy Fun... | -0.08 | 0.06 | 0.15 | 82 | Commodities | SAN vs FTGC | |
| iShares Treasury Floating Rate Bond ETF | -0.06 | -0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SAN vs TFLO | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.05 | 0.03 | 0.02 | 84 | Inflation-Protected Bonds, Short-Term Bond | SAN vs VTIP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.06 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SAN vs BIL | |
| Invesco S&P SmallCap Energy ETF | -0.02 | 0.13 | 0.27 | 60 | Energy Equities | SAN vs PSCE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SAN, 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 EOG Resources, Inc. (EOG) (Energy) with a 1Y correlation of -0.23, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| EOG Resources, Inc. | -0.23 | 0.00 | 0.17 | 61 | Energy | |
| Plains All American Pipeline, L.P. | -0.21 | 0.08 | 0.25 | 90 | Energy | |
| Chevron Corporation | -0.20 | 0.05 | 0.19 | 72 | Energy | |
| Diamondback Energy, Inc. | -0.19 | 0.00 | 0.17 | 72 | Energy | |
| Valero Energy Corporation | -0.18 | 0.02 | 0.16 | 98 | Energy |
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