Looking to balance out your exposure to SAND? The ETFs below have the lowest correlation with SAND — they tend to move on their own, which can help reduce risk when SAND drops. The stock ideas table highlights individual companies that behave independently from SAND.
Best Diversifiers for SAND
1 ETFs have low correlation with SAND (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.00, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.00 | 0.18 | 0.21 | 70 | S&P 500 | SAND vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SAND, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAND and solid risk/return profiles. The least correlated is Advanced Micro Devices, Inc. (AMD) (Technology) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Advanced Micro Devices, Inc. | -0.10 | 0.09 | 0.14 | 98 | Technology | |
| Amazon.com, Inc | -0.09 | 0.08 | 0.13 | 60 | Consumer Cyclical | |
| NVIDIA Corporation | -0.05 | 0.08 | 0.11 | 78 | Technology | |
| Marvell Technology Group Ltd. | -0.04 | 0.14 | 0.15 | 98 | Technology | |
| Capital Southwest Corporation | -0.03 | 0.11 | 0.16 | 76 | Financial Services |
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