Looking to balance out your exposure to SBET? The ETFs below have historically moved differently from SBET, 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 SBET
64 ETFs have low correlation with SBET (below 0.3), 6 of which are negatively correlated.
How candidates are selected| 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 | -0.06 | — | — | 100 | Ultrashort Bond | SBET vs TBIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | — | — | 100 | Government Bonds, Ultrashort Bond | SBET vs SHV | |
| Alpha Architect 1-3 Month Box ETF | -0.01 | — | — | 100 | Ultrashort Bond | SBET vs BOXX | |
| iShares 0-3 Month Treasury Bond ETF | -0.01 | — | — | 100 | Ultrashort Bond | SBET vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SBET, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.16, roughly unchanged from -0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.16 | -0.08 | -0.08 | 87 | Financial Services | |
| Altria Group, Inc. | -0.13 | -0.04 | -0.04 | 63 | Consumer Defensive | |
| Johnson & Johnson | -0.12 | -0.08 | -0.08 | 96 | Healthcare | |
| Verizon Communications Inc. | -0.12 | -0.03 | -0.03 | 63 | Communication Services | |
| The Coca-Cola Company | -0.11 | -0.06 | -0.06 | 86 | Consumer Defensive |
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