Looking to balance out your exposure to SAP? The ETFs below have historically moved differently from SAP, 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 SAP
242 ETFs have low correlation with SAP (below 0.3), 26 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.15, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.05 | 0.03 | 60 | Commodities | SAP vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.15 | -0.05 | 0.03 | 59 | Commodities | SAP vs DBC | |
| iShares Semiconductor ETF | -0.08 | 0.25 | 0.40 | 89 | Semiconductors, Technology Equities | SAP vs SOXX | |
| iShares Global Energy ETF | -0.07 | 0.02 | 0.12 | 66 | Energy Equities | SAP vs IXC | |
| Vanguard Energy ETF | -0.07 | 0.00 | 0.10 | 61 | Energy Equities | SAP vs VDE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SAP, 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 Eaton Corporation plc (ETN) (Industrials) with a 1Y correlation of -0.18, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eaton Corporation plc | -0.18 | 0.19 | 0.31 | 67 | Industrials | |
| Onto Innovation Inc. | -0.17 | 0.16 | 0.31 | 93 | Technology | |
| Argan, Inc. | -0.16 | 0.05 | 0.12 | 91 | Industrials | |
| Comfort Systems USA, Inc. | -0.15 | 0.18 | 0.27 | 95 | Industrials | |
| Suncor Energy Inc. | -0.15 | -0.04 | 0.07 | 91 | Energy |
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