Looking to diversify beyond SKRE? The ETFs below have historically moved differently from SKRE, 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 SKRE
1300 ETFs have low correlation with SKRE (below 0.3), 1252 of which are negatively correlated. The least correlated is SPDR S&P Regional Banking ETF (KRE) (Financials Equities) with a 1Y correlation of -1.00, roughly unchanged from -0.99 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Regional Banking ETF | -1.00 | -0.99 | -0.99 | 53 | Financials Equities | SKRE vs KRE | |
| State Street SPDR S&P Bank ETF | -0.99 | -0.98 | -0.98 | 51 | Financials Equities | SKRE vs KBE | |
| iShares U.S. Regional Banks ETF | -0.94 | -0.95 | -0.95 | 53 | Financials Equities | SKRE vs IAT | |
| First Trust Nasdaq Bank ETF | -0.91 | -0.93 | -0.93 | 51 | Financials Equities | SKRE vs FTXO | |
| WisdomTree U.S. SmallCap Dividend Fund | -0.83 | — | — | 86 | Small Cap Blend Equities, Dividend | SKRE vs DES |
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