Looking to balance out your exposure to SANA? The ETFs below have the lowest correlation with SANA — they tend to move on their own, which can help reduce risk when SANA drops. The stock ideas table highlights individual companies that behave independently from SANA.
Best Diversifiers for SANA
1 ETFs have low correlation with SANA (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.28, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.28 | 0.27 | 0.33 | 96 | Semiconductors, Technology Equities | SANA vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SANA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SANA and solid risk/return profiles. The least correlated is Rivian Automotive, Inc. (RIVN) (Consumer Cyclical) with a 1Y correlation of 0.17, roughly unchanged from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rivian Automotive, Inc. | 0.17 | 0.26 | — | 55 | Consumer Cyclical |
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