Looking to balance out your exposure to SBR? The ETFs below have the lowest correlation with SBR — they tend to move on their own, which can help reduce risk when SBR drops. The stock ideas table highlights individual companies that behave independently from SBR.
Best Diversifiers for SBR
11 ETFs have low correlation with SBR (below 0.3), 5 of which are negatively correlated. The least correlated is Invesco S&P 500 Downside Hedged ETF (PHDG) (Equity Hedged) with a 1Y correlation of -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Downside Hedged ETF | -0.07 | 0.06 | 0.09 | 90 | Equity Hedged, S&P 500 | SBR vs PHDG | |
| Global X S&P 500 Covered Call ETF | -0.02 | 0.12 | 0.17 | 82 | Derivative Income, S&P 500 | SBR vs XYLD | |
| Virtus InfraCap U.S. Preferred Stock ETF | -0.01 | 0.15 | 0.21 | 56 | Preferred Stock/Convertible Bonds | SBR vs PFFA | |
| Vanguard S&P 500 ETF | -0.01 | 0.14 | 0.20 | 70 | S&P 500 | SBR vs VOO | |
| FT Vest Laddered Buffer ETF | -0.01 | 0.15 | 0.21 | 84 | Defined Outcome | SBR vs BUFR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBR and solid risk/return profiles. The least correlated is Lantheus Holdings, Inc. (LNTH) (Healthcare) with a 1Y correlation of -0.12, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lantheus Holdings, Inc. | -0.12 | 0.04 | 0.13 | 57 | Healthcare | |
| AGNC Investment Corp. | -0.07 | 0.12 | 0.16 | 76 | Real Estate | |
| Eli Lilly and Company | -0.02 | -0.00 | 0.02 | 72 | Healthcare | |
| KLA Corporation | -0.02 | 0.05 | 0.10 | 95 | Technology | |
| D.R. Horton, Inc. | -0.01 | 0.06 | 0.05 | 58 | Consumer Cyclical |
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