Looking to balance out your exposure to SBS? The ETFs below have historically moved differently from SBS, 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 SBS
0 ETFs have low correlation with SBS (below 0.3), 0 of which are negatively correlated. The least correlated is Global X MSCI Greece ETF (GREK) (Emerging Markets Equities) with a 1Y correlation of 0.31, roughly unchanged from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X MSCI Greece ETF | 0.31 | 0.26 | 0.25 | 58 | Emerging Markets Equities | SBS vs GREK | |
| Invesco PHLX Semiconductor ETF | 0.34 | 0.20 | 0.20 | 88 | Semiconductors, Technology Equities | SBS vs SOXQ | |
| State Street SPDR S&P 500 ETF | 0.37 | 0.28 | 0.26 | 67 | S&P 500 | SBS vs SPY | |
| Vanguard S&P 500 ETF | 0.37 | 0.29 | 0.26 | 68 | S&P 500 | SBS vs VOO | |
| iShares MSCI Austria ETF | 0.39 | 0.31 | 0.29 | 89 | Europe Equities | SBS vs EWO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SBS, 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 VeriSign, Inc. (VRSN) (Technology) with a 1Y correlation of -0.06, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| VeriSign, Inc. | -0.06 | 0.03 | 0.10 | 53 | Technology | |
| uniQure N.V. | -0.02 | 0.07 | 0.11 | 84 | Healthcare | |
| MPLX LP | -0.02 | 0.09 | 0.15 | 79 | Energy | |
| Essential Utilities, Inc. | -0.01 | 0.17 | 0.22 | 62 | Utilities | |
| The Hanover Insurance Group, Inc. | -0.01 | 0.07 | 0.09 | 89 | Financial Services |
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