Looking to balance out your exposure to SND? The ETFs below have the lowest correlation with SND — they tend to move on their own, which can help reduce risk when SND drops. The stock ideas table highlights individual companies that behave independently from SND.
Best Diversifiers for SND
1 ETFs have low correlation with SND (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.02, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.02 | 0.16 | 0.24 | 70 | S&P 500 | SND vs VOO |
Diversification Analysis
Build a portfolio that complements SND
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