Looking to balance out your exposure to SANM? The ETFs below have historically moved differently from SANM, 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 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 0.53, down from 0.64 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BNY Mellon US Small Cap Core Equity ETF | 0.53 | 0.61 | 0.64 | 82 | Small Cap Growth Equities | SANM vs BKSE | |
| State Street SPDR S&P 500 ETF | 0.56 | 0.57 | 0.60 | 71 | S&P 500 | SANM vs SPY | |
| Vanguard S&P 500 ETF | 0.56 | 0.57 | 0.59 | 72 | S&P 500 | SANM vs VOO | |
| Invesco QQQ ETF | 0.61 | 0.56 | 0.57 | 54 | Nasdaq-100 | SANM vs QQQ | |
| Invesco Semiconductors ETF | 0.71 | 0.65 | 0.65 | 88 | Semiconductors, Technology Equities | SANM vs PSI |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SANM, 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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.01 | 0.10 | 59 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.08 | 0.11 | 0.27 | 66 | Financial Services | |
| World Kinect Corporation | 0.05 | 0.24 | 0.31 | 89 | Energy | |
| Molina Healthcare, Inc. | 0.06 | 0.05 | 0.12 | 59 | Healthcare | |
| United Natural Foods, Inc. | 0.13 | 0.21 | 0.30 | 85 | Consumer Defensive |
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