Looking to balance out your exposure to SNBR? The ETFs below have the lowest correlation with SNBR — they tend to move on their own, which can help reduce risk when SNBR drops. The stock ideas table highlights individual companies that behave independently from SNBR.
Best Diversifiers for SNBR
2 ETFs have low correlation with SNBR (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.20, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.20 | 0.26 | 0.36 | 74 | S&P 500 | SNBR vs VOO | |
| State Street SPDR S&P 500 ETF | 0.21 | 0.27 | 0.36 | 74 | S&P 500 | SNBR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNBR and solid risk/return profiles. The least correlated is Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.03, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.03 | 0.05 | 0.10 | 64 | Consumer Cyclical | |
| NVIDIA Corporation | 0.09 | 0.10 | 0.21 | 80 | Technology | |
| Amazon.com, Inc | 0.17 | 0.15 | 0.25 | 62 | Consumer Cyclical |
Build a portfolio that complements SNBR
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