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
0 ETFs have low correlation with SBS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco PHLX Semiconductor ETF (SOXQ) (Semiconductors) with a 1Y correlation of 0.31, up from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco PHLX Semiconductor ETF | 0.31 | 0.18 | 0.19 | 94 | Semiconductors, Technology Equities | SBS vs SOXQ | |
| Vanguard S&P 500 ETF | 0.36 | 0.29 | 0.26 | 59 | S&P 500 | SBS vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.29 | 0.26 | 59 | S&P 500 | SBS vs SPY | |
| iShares MSCI Austria ETF | 0.39 | 0.32 | 0.30 | 83 | Europe Equities | SBS vs EWO | |
| iShares MSCI Spain ETF | 0.45 | 0.36 | 0.33 | 71 | Europe Equities | SBS vs EWP |
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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 uniQure N.V. (QURE) (Healthcare) with a 1Y correlation of -0.02, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| uniQure N.V. | -0.02 | 0.07 | 0.12 | 84 | Healthcare | |
| Reddit, Inc. | 0.09 | -0.01 | -0.01 | 54 | Communication Services | |
| Atmos Energy Corporation | 0.10 | 0.16 | 0.20 | 62 | Utilities | |
| Eton Pharmaceuticals Inc | 0.10 | 0.11 | 0.14 | 90 | Healthcare | |
| Aveanna Healthcare Holdings Inc. | 0.10 | 0.10 | 0.10 | 74 | Healthcare |
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Build a portfolio that complements SBS
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