Looking to balance out your exposure to SDZNY? The ETFs below have the lowest correlation with SDZNY — they tend to move on their own, which can help reduce risk when SDZNY drops. The stock ideas table highlights individual companies that behave independently from SDZNY.
Best Diversifiers for SDZNY
8 ETFs have low correlation with SDZNY (below 0.3), 2 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.12, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.03 | -0.03 | 100 | Ultrashort Bond | SDZNY vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.02 | — | — | 100 | Government Bonds, Ultrashort Bond | SDZNY vs BIL | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | — | — | 93 | Inflation-Protected Bonds | SDZNY vs STIP | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | 0.20 | — | — | 99 | Government Bonds, Ultrashort Bond | SDZNY vs XONE | |
| iShares 1-3 Year Treasury Bond ETF | 0.22 | — | — | 79 | Government Bonds, Short-Term Bond | SDZNY vs SHY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDZNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDZNY and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | -0.05 | -0.05 | 83 | Energy | |
| Exxon Mobil Corporation | -0.17 | -0.05 | -0.05 | 85 | Energy | |
| CF Industries Holdings, Inc. | -0.17 | -0.03 | -0.03 | 60 | Basic Materials | |
| CVR Partners, LP | -0.09 | 0.01 | 0.01 | 84 | Basic Materials | |
| Kinder Morgan, Inc. | -0.05 | — | — | 60 | Energy |
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