Looking to balance out your exposure to SANM? The ETFs below have the lowest correlation with SANM — they tend to move on their own, which can help reduce risk when SANM drops. The stock ideas table highlights individual companies that behave independently from SANM.
Best Diversifiers for SANM
0 ETFs have low correlation with SANM (below 0.3), 0 of which are negatively correlated. The least correlated is BNY Mellon US Small Cap Core Equity ETF (BKSE) (Small Cap Growth Equities) with a 1Y correlation of 0.52, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon US Small Cap Core Equity ETF | 0.52 | 0.61 | 0.64 | 77 | Small Cap Growth Equities | SANM vs BKSE | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.57 | 0.60 | 65 | S&P 500 | SANM vs SPY | |
| Vanguard S&P 500 ETF | 0.55 | 0.57 | 0.59 | 66 | S&P 500 | SANM vs VOO | |
| Invesco QQQ ETF | 0.58 | 0.56 | 0.56 | 53 | Nasdaq-100 | SANM vs QQQ | |
| Invesco Semiconductors ETF | 0.68 | 0.65 | 0.65 | 91 | Semiconductors, Technology Equities | SANM vs PSI |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SANM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SANM and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.05, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.05 | 0.13 | 0.27 | 53 | Financial Services | |
| Walmart Inc. | -0.05 | 0.02 | 0.11 | 69 | Consumer Defensive | |
| World Kinect Corporation | 0.09 | 0.24 | 0.32 | 75 | Energy | |
| Genmab A/S | 0.12 | 0.15 | 0.19 | 68 | Healthcare | |
| United Natural Foods, Inc. | 0.15 | 0.22 | 0.32 | 88 | Consumer Defensive |
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