Looking to balance out your exposure to SBS? The ETFs below have the lowest correlation with SBS — they tend to move on their own, which can help reduce risk when SBS drops. The stock ideas table highlights individual companies that behave independently from SBS.
Best Diversifiers for SBS
2 ETFs have low correlation with SBS (below 0.3), 0 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Long AVGO ETF (AVGX) (Leveraged Equities) with a 1Y correlation of 0.23, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Long AVGO ETF | 0.23 | 0.15 | 0.15 | 50 | Leveraged Equities | SBS vs AVGX | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.29 | 0.25 | 0.26 | 55 | Silver, Precious Metals | SBS vs SLVP | |
| Vanguard S&P 500 ETF | 0.34 | 0.27 | 0.26 | 70 | S&P 500 | SBS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.27 | 0.26 | 70 | S&P 500 | SBS vs SPY | |
| iShares MSCI Austria ETF | 0.34 | 0.30 | 0.29 | 66 | Europe Equities | SBS vs EWO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBS and solid risk/return profiles. The least correlated is Fox Corporation (FOX) (Communication Services) with a 1Y correlation of -0.01, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fox Corporation | -0.01 | 0.11 | 0.15 | 53 | Communication Services | |
| uniQure N.V. | 0.00 | 0.07 | 0.12 | 71 | Healthcare | |
| Reddit, Inc. | 0.04 | — | — | 62 | Communication Services | |
| Bristol-Myers Squibb Company | 0.07 | 0.09 | 0.12 | 63 | Healthcare | |
| Elbit Systems Ltd | 0.07 | 0.18 | 0.15 | 88 | Industrials |
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