Looking to balance out your exposure to SBGI? The ETFs below have the lowest correlation with SBGI — they tend to move on their own, which can help reduce risk when SBGI drops. The stock ideas table highlights individual companies that behave independently from SBGI.
Best Diversifiers for SBGI
1 ETFs have low correlation with SBGI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.29 | 0.37 | 67 | S&P 500 | SBGI vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBGI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBGI and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of 0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | 0.02 | 0.17 | 0.24 | 83 | Energy | |
| Warrior Met Coal, Inc. | 0.03 | 0.15 | 0.16 | 80 | Basic Materials | |
| Antero Midstream Corporation | 0.04 | 0.19 | 0.25 | 84 | Energy | |
| Kiniksa Pharmaceuticals, Ltd. | 0.04 | 0.19 | 0.19 | 95 | Healthcare | |
| Enterprise Products Partners L.P. | 0.06 | 0.21 | 0.24 | 85 | Energy |
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