Looking to balance out your exposure to SBET? The ETFs below have the lowest correlation with SBET — they tend to move on their own, which can help reduce risk when SBET drops. The stock ideas table highlights individual companies that behave independently from SBET.
Best Diversifiers for SBET
60 ETFs have low correlation with SBET (below 0.3), 6 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.12 | — | — | 100 | Government Bonds, Ultrashort Bond | SBET vs USFR | |
| F/m US Treasury 3 Month Bill ETF | -0.02 | — | — | 100 | Ultrashort Bond | SBET vs TBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.02 | — | — | 100 | Government Bonds, Ultrashort Bond | SBET vs SHV | |
| iShares Treasury Floating Rate Bond ETF | -0.01 | 0.03 | 0.03 | 100 | Government Bonds, Ultrashort Bond | SBET vs TFLO | |
| Global X MLP & Energy Infrastructure ETF | -0.01 | 0.02 | 0.02 | 71 | MLPs | SBET vs MLPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBET, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBET and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.16, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.16 | -0.05 | -0.05 | 51 | Industrials | |
| The Coca-Cola Company | -0.12 | -0.06 | -0.06 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.12 | -0.05 | -0.05 | 63 | Utilities | |
| Verizon Communications Inc. | -0.12 | -0.03 | -0.03 | 59 | Communication Services | |
| Chubb Limited | -0.10 | -0.08 | -0.08 | 81 | Financial Services |
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