Looking to balance out your exposure to SBAC? The ETFs below have the lowest correlation with SBAC — they tend to move on their own, which can help reduce risk when SBAC drops. The stock ideas table highlights individual companies that behave independently from SBAC.
Best Diversifiers for SBAC
4 ETFs have low correlation with SBAC (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.07, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.07 | 0.08 | 0.29 | 65 | S&P 500 | SBAC vs SPY | |
| Vanguard S&P 500 ETF | -0.07 | 0.08 | 0.29 | 66 | S&P 500 | SBAC vs VOO | |
| iShares 0-3 Month Treasury Bond ETF | 0.12 | 0.09 | 0.03 | 100 | Ultrashort Bond | SBAC vs SGOV | |
| Schwab U.S. Dividend Equity ETF | 0.25 | 0.36 | 0.43 | 91 | Dividend | SBAC vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBAC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBAC and solid risk/return profiles. The least correlated is Taiwan Semiconductor Manufacturing Company Limited (TSM) (Technology) with a 1Y correlation of -0.13, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited | -0.13 | -0.08 | 0.06 | 89 | Technology | |
| NVIDIA Corporation | -0.13 | -0.10 | 0.10 | 63 | Technology | |
| Amazon.com, Inc | -0.11 | -0.09 | 0.10 | 56 | Consumer Cyclical | |
| Cisco Systems, Inc. | -0.11 | 0.06 | 0.23 | 91 | Technology | |
| Corning Incorporated | -0.11 | 0.04 | 0.15 | 95 | Technology |
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