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
87 ETFs have low correlation with SBET (below 0.3), 13 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.12, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.12 | -0.12 | 100 | Government Bonds, Ultrashort Bond | SBET vs USFR | |
| United States Oil Fund LP | -0.12 | -0.07 | -0.07 | 66 | Oil & Gas | SBET vs USO | |
| iShares 0-1 Year Treasury Bond ETF | -0.10 | -0.09 | -0.09 | 100 | Government Bonds, Ultrashort Bond | SBET vs SHV | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.05 | -0.05 | 100 | Ultrashort Bond | SBET vs SGOV | |
| ProShares Ultra Bloomberg Crude Oil | -0.09 | -0.05 | -0.05 | 54 | Leveraged Commodities | SBET vs UCO |
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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 Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.12 | -0.02 | -0.02 | 59 | Communication Services | |
| Walmart Inc. | -0.12 | -0.00 | -0.00 | 63 | Consumer Defensive | |
| Chubb Limited | -0.10 | -0.07 | -0.07 | 51 | Financial Services | |
| The Coca-Cola Company | -0.10 | -0.05 | -0.05 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.09 | -0.08 | -0.08 | 92 | Healthcare |
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