Looking to balance out your exposure to SBRA? The ETFs below have the lowest correlation with SBRA — they tend to move on their own, which can help reduce risk when SBRA drops. The stock ideas table highlights individual companies that behave independently from SBRA.
Best Diversifiers for SBRA
12 ETFs have low correlation with SBRA (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of -0.07, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | -0.07 | 0.06 | 0.21 | 73 | Nasdaq-100 | SBRA vs QQQ | |
| NEOS Nasdaq-100 High Income ETF | -0.06 | — | — | 68 | Nasdaq-100, Derivative Income | SBRA vs QQQI | |
| State Street SPDR S&P 500 ETF | -0.02 | 0.17 | 0.31 | 70 | S&P 500 | SBRA vs SPY | |
| NEOS Russell 2000 High Income ETF | 0.01 | — | — | 73 | Derivative Income | SBRA vs IWMI | |
| iShares 0-3 Month Treasury Bond ETF | 0.02 | 0.01 | 0.02 | 100 | Ultrashort Bond | SBRA vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBRA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBRA and solid risk/return profiles. The least correlated is 10x Genomics, Inc. (TXG) (Healthcare) with a 1Y correlation of -0.07, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 10x Genomics, Inc. | -0.07 | 0.09 | 0.18 | 95 | Healthcare | |
| UnitedHealth Group Incorporated | -0.01 | 0.13 | 0.16 | 61 | Healthcare | |
| Enterprise Products Partners L.P. | 0.01 | 0.19 | 0.24 | 85 | Energy | |
| Plains All American Pipeline, L.P. | 0.07 | 0.18 | 0.26 | 87 | Energy | |
| Energy Transfer LP | 0.07 | 0.15 | 0.24 | 69 | Energy |
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