Looking to balance out your exposure to SFTBY? The ETFs below have historically moved differently from SFTBY, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SFTBY
4 ETFs have low correlation with SFTBY (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.22 | 0.30 | 95 | Dividend | SFTBY vs SCHD | |
| Vanguard Health Care ETF | 0.03 | 0.19 | 0.27 | 74 | Health & Biotech Equities | SFTBY vs VHT | |
| Pacer US Cash Cows 100 ETF | 0.18 | 0.33 | 0.37 | 87 | Mid Cap Value Equities, Dividend | SFTBY vs COWZ | |
| Avantis US Small Cap Value ETF | 0.26 | 0.38 | 0.40 | 93 | Small Cap Value Equities | SFTBY vs AVUV | |
| WisdomTree Japan Hedged Equity Fund | 0.35 | 0.39 | 0.41 | 92 | Japan Equities, Asia Pacific Equities | SFTBY vs DXJ |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SFTBY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.16 | 0.05 | 0.17 | 61 | Financial Services | |
| AbbVie Inc. | -0.15 | -0.01 | 0.02 | 76 | Healthcare | |
| ONEOK, Inc. | -0.12 | 0.09 | 0.18 | 64 | Energy | |
| Chevron Corporation | -0.05 | 0.04 | 0.11 | 79 | Energy | |
| AstraZeneca PLC | -0.05 | 0.07 | 0.11 | 55 | Healthcare |
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