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
227 ETFs have low correlation with SAP (below 0.3), 9 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 -0.11, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.11 | -0.04 | 0.04 | 57 | Commodities | SAP vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.11 | -0.03 | 0.04 | 56 | Commodities | SAP vs DBC | |
| iShares Global Energy ETF | -0.05 | 0.03 | 0.13 | 65 | Energy Equities | SAP vs IXC | |
| Vanguard Energy ETF | -0.04 | 0.01 | 0.11 | 60 | Energy Equities | SAP vs VDE | |
| Global X MLP & Energy Infrastructure ETF | -0.02 | 0.13 | 0.22 | 75 | MLPs | SAP vs MLPX |
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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 Suncor Energy Inc. (SU) (Energy) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Suncor Energy Inc. | -0.14 | -0.03 | 0.08 | 90 | Energy | |
| Argan, Inc. | -0.12 | 0.08 | 0.14 | 92 | Industrials | |
| Eaton Corporation plc | -0.12 | 0.23 | 0.33 | 54 | Industrials | |
| Onto Innovation Inc. | -0.12 | 0.19 | 0.32 | 95 | Technology | |
| Deere & Company | -0.11 | 0.08 | 0.16 | 63 | Industrials |
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Build a portfolio that complements SAP
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