Looking to diversify beyond SNAG? The ETFs below have historically moved differently from SNAG, 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 SNAG
1 ETFs have low correlation with SNAG (below 0.3), 0 of which are negatively correlated. The least correlated is Direxion Daily LLY Bull 2X Shares (ELIL) (Leveraged Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily LLY Bull 2X Shares | 0.09 | 0.09 | 0.09 | 51 | Leveraged Equities | SNAG vs ELIL | |
| ProShares UltraPro S&P 500 | 0.50 | 0.50 | 0.50 | 50 | Leveraged Equities, S&P 500 | SNAG vs UPRO | |
| ProShares Ultra S&P500 | 0.50 | 0.50 | 0.50 | 54 | Leveraged Equities, S&P 500 | SNAG vs SSO |
Diversification Analysis
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