Looking to balance out your exposure to SBH? The ETFs below have the lowest correlation with SBH — they tend to move on their own, which can help reduce risk when SBH drops. The stock ideas table highlights individual companies that behave independently from SBH.
Best Diversifiers for SBH
2 ETFs have low correlation with SBH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares U.S. Technology ETF (IYW) (Technology Equities) with a 1Y correlation of 0.11, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.11 | 0.19 | 0.30 | 75 | Technology Equities | SBH vs IYW | |
| State Street SPDR S&P 500 ETF | 0.28 | 0.33 | 0.41 | 70 | S&P 500 | SBH vs SPY |
Diversification Analysis
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