Looking to diversify beyond SNAV? The ETFs below have historically moved differently from SNAV, 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 SNAV
171 ETFs have low correlation with SNAV (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.34 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | — | 61 | Cryptocurrency | SNAV vs BITI | |
| Alpha Architect Tail Risk ETF | -0.32 | -0.09 | — | 56 | Options Trading | SNAV vs CAOS | |
| Invesco DB Energy Fund | -0.26 | -0.08 | — | 72 | Oil & Gas | SNAV vs DBE | |
| United States Brent Oil Fund LP | -0.23 | -0.07 | — | 52 | Oil & Gas | SNAV vs BNO | |
| Invesco DB Oil Fund | -0.22 | -0.05 | — | 58 | Oil & Gas | SNAV vs DBO |
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