Looking to diversify beyond SBIO? The ETFs below have historically moved differently from SBIO, 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 SBIO
555 ETFs have low correlation with SBIO (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.27 | — | 51 | Cryptocurrency | SBIO vs BITI | |
| Invesco DB Energy Fund | -0.26 | -0.13 | -0.02 | 66 | Oil & Gas | SBIO vs DBE | |
| Invesco DB Oil Fund | -0.24 | -0.11 | -0.02 | 51 | Oil & Gas | SBIO vs DBO | |
| YieldMax XOM Option Income Strategy ETF | -0.24 | — | — | 52 | Derivative Income, Dividend | SBIO vs XOMO | |
| United States Gasoline Fund, LP | -0.23 | -0.11 | -0.01 | 83 | Oil & Gas | SBIO vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SBIO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.02 | 0.20 | 0.27 | 61 | Financial Services |
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