Looking to balance out your exposure to SATS? The ETFs below have the lowest correlation with SATS — they tend to move on their own, which can help reduce risk when SATS drops. The stock ideas table highlights individual companies that behave independently from SATS.
Best Diversifiers for SATS
5 ETFs have low correlation with SATS (below 0.3), 0 of which are negatively correlated. The least correlated is Proshares S&P Global Core Battery Metals ETF (ION) (Energy Equities) with a 1Y correlation of 0.13, down from 0.24 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares S&P Global Core Battery Metals ETF | 0.13 | 0.24 | — | 81 | Energy Equities | SATS vs ION | |
| Invesco PHLX Semiconductor ETF | 0.21 | 0.27 | — | 96 | Semiconductors, Technology Equities | SATS vs SOXQ | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.32 | 0.36 | 74 | S&P 500 | SATS vs SPY | |
| Vanguard S&P 500 ETF | 0.27 | 0.32 | 0.36 | 74 | S&P 500 | SATS vs VOO | |
| Vanguard Total World Stock ETF | 0.27 | 0.35 | 0.40 | 70 | Global Equities | SATS vs VT |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SATS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SATS and solid risk/return profiles. The least correlated is Engie SA ADR (ENGIY) (Utilities) with a 1Y correlation of -0.01, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Engie SA ADR | -0.01 | 0.08 | 0.16 | 87 | Utilities | |
| Insmed Incorporated | 0.04 | 0.14 | 0.20 | 63 | Healthcare | |
| E.ON SE ADR | 0.04 | 0.14 | 0.18 | 71 | Utilities | |
| Cogent Biosciences, Inc. | 0.05 | 0.20 | 0.22 | 99 | Healthcare | |
| Reddit, Inc. | 0.05 | — | — | 64 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SATS
Add SATS to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SATS