Looking to balance out your exposure to SFTBY? The ETFs below have the lowest correlation with SFTBY — they tend to move on their own, which can help reduce risk when SFTBY drops. The stock ideas table highlights individual companies that behave independently from SFTBY.
Best Diversifiers for SFTBY
3 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 0.10, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.10 | 0.24 | 0.32 | 80 | Dividend | SFTBY vs SCHD | |
| Avantis US Small Cap Value ETF | 0.28 | 0.37 | 0.38 | 67 | Small Cap Value Equities | SFTBY vs AVUV | |
| Pacer US Cash Cows 100 ETF | 0.29 | 0.36 | 0.39 | 65 | Mid Cap Value Equities, Dividend | SFTBY vs COWZ | |
| Vanguard U.S. Momentum Factor ETF | 0.44 | 0.50 | 0.50 | 65 | Momentum, Mid Cap Blend Equities | SFTBY vs VFMO | |
| First Trust US Equity Opportunities ETF | 0.45 | 0.49 | 0.50 | 52 | Large Cap Growth Equities | SFTBY vs FPX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SFTBY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SFTBY and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.04 | 0.02 | 0.04 | 62 | Healthcare | |
| Chevron Corporation | 0.01 | 0.04 | 0.12 | 83 | Energy | |
| Tower Semiconductor Ltd | 0.21 | 0.32 | 0.33 | 99 | Technology | |
| Lumentum Holdings Inc. | 0.23 | 0.34 | 0.36 | 99 | Technology | |
| Bloom Energy Corporation | 0.25 | 0.30 | 0.35 | 99 | Industrials |
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Build a portfolio that complements SFTBY
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