Looking to balance out your exposure to SEAT? The ETFs below have the lowest correlation with SEAT — they tend to move on their own, which can help reduce risk when SEAT drops. The stock ideas table highlights individual companies that behave independently from SEAT.
Best Diversifiers for SEAT
2 ETFs have low correlation with SEAT (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call ETF (QYLD) (Nasdaq-100) with a 1Y correlation of 0.15, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | 0.15 | 0.18 | 0.30 | 88 | Nasdaq-100, Derivative Income | SEAT vs QYLD | |
| State Street SPDR S&P 500 ETF | 0.24 | 0.27 | 0.35 | 70 | S&P 500 | SEAT vs SPY |
Diversification Analysis
Build a portfolio that complements SEAT
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