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 0.55, roughly unchanged from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon US Small Cap Core Equity ETF | 0.55 | 0.63 | 0.65 | 71 | Small Cap Growth Equities | SANM vs BKSE | |
| Vanguard S&P 500 ETF | 0.55 | 0.57 | 0.60 | 60 | S&P 500 | SANM vs VOO | |
| State Street SPDR S&P 500 ETF | 0.55 | 0.57 | 0.60 | 60 | S&P 500 | SANM vs SPY | |
| Invesco QQQ ETF | 0.56 | 0.55 | 0.56 | 59 | Nasdaq-100 | SANM vs QQQ |
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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.02 | 0.04 | 0.12 | 70 | Consumer Defensive | |
| World Kinect Corporation | 0.12 | 0.25 | 0.33 | 60 | Energy | |
| Genmab A/S | 0.13 | 0.15 | 0.19 | 61 | Healthcare | |
| United Natural Foods, Inc. | 0.17 | 0.23 | 0.32 | 93 | Consumer Defensive | |
| AppLovin Corporation | 0.22 | 0.28 | 0.30 | 58 | Communication Services |
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