Looking to diversify beyond SNAG? The ETFs below have the lowest correlation with SNAG — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SNAG.
Best Diversifiers for SNAG
1 ETFs have low correlation with SNAG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily AAPL Bull 2X Shares (AAPU) (Leveraged Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily AAPL Bull 2X Shares | 0.16 | 0.16 | 0.16 | 69 | Leveraged Equities | SNAG vs AAPU | |
| ProShares Ultra QQQ | 0.43 | 0.43 | 0.43 | 55 | Leveraged Equities | SNAG vs QLD | |
| ProShares UltraPro QQQ | 0.44 | 0.44 | 0.44 | 53 | Leveraged Equities | SNAG vs TQQQ |
Diversification Analysis
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