Looking to balance out your exposure to SNDK? The ETFs below have the lowest correlation with SNDK — they tend to move on their own, which can help reduce risk when SNDK drops. The stock ideas table highlights individual companies that behave independently from SNDK.
Best Diversifiers for SNDK
97 ETFs have low correlation with SNDK (below 0.3), 13 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin U.S. Low Volatility High Dividend Index E... | -0.13 | — | — | 53 | Dividend | SNDK vs LVHD | |
| iShares Core High Dividend ETF | -0.11 | — | — | 81 | Dividend, Large Cap Value Equities | SNDK vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.09 | — | — | 82 | Large Cap Value Equities, Dividend | SNDK vs FDL | |
| Global X MLP & Energy Infrastructure ETF | -0.07 | 0.03 | 0.03 | 71 | MLPs | SNDK vs MLPX | |
| Goldman Sachs Ultra Short Bond ETF | -0.06 | — | — | 99 | Ultrashort Bond | SNDK vs GSST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNDK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNDK and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.29, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.29 | -0.23 | -0.23 | 51 | Industrials | |
| Chubb Limited | -0.28 | -0.19 | -0.19 | 81 | Financial Services | |
| Duke Energy Corporation | -0.26 | -0.20 | -0.20 | 63 | Utilities | |
| Altria Group, Inc. | -0.21 | — | — | 77 | Consumer Defensive | |
| The Southern Company | -0.18 | -0.13 | -0.13 | 56 | Utilities |
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