Looking to balance out your exposure to SAP? The ETFs below have the lowest correlation with SAP — they tend to move on their own, which can help reduce risk when SAP drops. The stock ideas table highlights individual companies that behave independently from SAP.
Best Diversifiers for SAP
174 ETFs have low correlation with SAP (below 0.3), 12 of which are negatively correlated. The least correlated is ProShares Ultra Bloomberg Crude Oil (UCO) (Leveraged Commodities) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Bloomberg Crude Oil | -0.17 | -0.07 | 0.01 | 54 | Leveraged Commodities | SAP vs UCO | |
| United States Oil Fund LP | -0.15 | -0.08 | -0.00 | 66 | Oil & Gas | SAP vs USO | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.02 | 0.04 | 74 | Commodities | SAP vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.14 | -0.01 | 0.05 | 75 | Commodities | SAP vs DBC | |
| iShares Global Energy ETF | -0.11 | 0.03 | 0.13 | 76 | Energy Equities | SAP vs IXC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SAP and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.15, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.15 | 0.07 | 0.20 | 80 | Real Estate | |
| Exxon Mobil Corporation | -0.13 | -0.04 | 0.05 | 85 | Energy | |
| TotalEnergies SE | -0.12 | 0.06 | 0.10 | 90 | Energy | |
| Altria Group, Inc. | -0.12 | -0.01 | 0.06 | 69 | Consumer Defensive | |
| BP p.l.c. | -0.12 | 0.02 | 0.12 | 87 | Energy |
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Build a portfolio that complements SAP
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