Looking to balance out your exposure to SFBS? The ETFs below have the lowest correlation with SFBS — they tend to move on their own, which can help reduce risk when SFBS drops. The stock ideas table highlights individual companies that behave independently from SFBS.
Best Diversifiers for SFBS
0 ETFs have low correlation with SFBS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.42, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.42 | 0.44 | 0.48 | 74 | S&P 500 | SFBS vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SFBS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SFBS and solid risk/return profiles. The least correlated is Old Dominion Freight Line, Inc. (ODFL) (Industrials) with a 1Y correlation of 0.44, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Old Dominion Freight Line, Inc. | 0.44 | 0.40 | 0.40 | 75 | Industrials | |
| Popular, Inc. | 0.70 | 0.71 | 0.69 | 86 | Financial Services |
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