Looking to balance out your exposure to SNA? The ETFs below have the lowest correlation with SNA — they tend to move on their own, which can help reduce risk when SNA drops. The stock ideas table highlights individual companies that behave independently from SNA.
Best Diversifiers for SNA
1 ETFs have low correlation with SNA (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of 0.25, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | 0.25 | 0.36 | 0.45 | 83 | Technology Equities | SNA vs XLK | |
| Vanguard S&P 500 ETF | 0.42 | 0.52 | 0.59 | 70 | S&P 500 | SNA vs VOO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.52 | 0.59 | 70 | S&P 500 | SNA vs SPY | |
| iShares Core S&P 500 ETF | 0.42 | 0.52 | 0.59 | 70 | S&P 500 | SNA vs IVV | |
| Vanguard Total Stock Market ETF | 0.46 | 0.56 | 0.61 | 68 | Large Cap Blend Equities | SNA vs VTI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNA and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.03, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.03 | 0.22 | 0.27 | 83 | Energy | |
| ConocoPhillips Company | -0.02 | 0.15 | 0.21 | 76 | Energy | |
| Exxon Mobil Corporation | -0.00 | 0.21 | 0.27 | 85 | Energy | |
| Coterra Energy Inc. | 0.04 | 0.24 | 0.30 | 79 | Energy | |
| NVIDIA Corporation | 0.05 | 0.15 | 0.28 | 78 | Technology |
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