Looking to balance out your exposure to SMNNY? The ETFs below have the lowest correlation with SMNNY — they tend to move on their own, which can help reduce risk when SMNNY drops. The stock ideas table highlights individual companies that behave independently from SMNNY.
No Diversifiers Found for SMNNY
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMNNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMNNY and solid risk/return profiles. The least correlated is Becton, Dickinson and Company (BDX) (Healthcare) with a 1Y correlation of 0.20, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Becton, Dickinson and Company | 0.20 | 0.12 | 0.16 | 52 | Healthcare |
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