Looking to balance out your exposure to SNAP? The ETFs below have the lowest correlation with SNAP — they tend to move on their own, which can help reduce risk when SNAP drops. The stock ideas table highlights individual companies that behave independently from SNAP.
Best Diversifiers for SNAP
1 ETFs have low correlation with SNAP (below 0.3), 1 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.04, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.05 | 0.13 | 63 | Energy Equities | SNAP vs XLE | |
| Direxion Daily Semiconductor Bull 3X ETF | 0.30 | 0.36 | 0.46 | 97 | Leveraged Equities, Semiconductors | SNAP vs SOXL | |
| WisdomTree U.S. Quality Dividend Growth Fund | 0.33 | 0.40 | 0.45 | 60 | Dividend, Large Cap Growth Equities | SNAP vs DGRW | |
| Invesco QQQ ETF | 0.39 | 0.44 | 0.55 | 73 | Nasdaq-100 | SNAP vs QQQ | |
| Vanguard S&P 500 ETF | 0.40 | 0.45 | 0.53 | 70 | S&P 500 | SNAP vs VOO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNAP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNAP and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | -0.08 | 0.01 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.14 | -0.07 | -0.00 | 92 | Healthcare | |
| BP p.l.c. | -0.10 | 0.04 | 0.12 | 87 | Energy | |
| Energy Transfer LP | -0.09 | 0.09 | 0.19 | 69 | Energy | |
| Plains All American Pipeline, L.P. | -0.09 | 0.06 | 0.15 | 87 | Energy |
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