Looking to balance out your exposure to SBH? The ETFs below have historically moved differently from SBH, 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 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 0.08, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares U.S. Technology ETF | 0.08 | 0.19 | 0.29 | 61 | Technology Equities | SBH vs IYW | |
| State Street SPDR S&P 500 ETF | 0.23 | 0.32 | 0.40 | 78 | S&P 500 | SBH vs SPY |
Diversification Analysis
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