Looking to balance out your exposure to SNDK? The ETFs below have historically moved differently from SNDK, 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 SNDK
102 ETFs have low correlation with SNDK (below 0.3), 24 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.15 | — | — | 88 | Dividend, Large Cap Value Equities | SNDK vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.13 | — | — | 91 | Large Cap Value Equities, Dividend | SNDK vs FDL | |
| Alerian MLP ETF | -0.11 | — | — | 57 | MLPs | SNDK vs AMLP | |
| Goldman Sachs Ultra Short Bond ETF | -0.06 | — | — | 99 | Ultrashort Bond | SNDK vs GSST | |
| United States Gasoline Fund, LP | -0.06 | — | — | 74 | Oil & Gas | SNDK vs UGA |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNDK, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.30 | — | — | 86 | Financial Services | |
| Altria Group, Inc. | -0.26 | — | — | 64 | Consumer Defensive | |
| Philip Morris International Inc. | -0.24 | -0.19 | -0.19 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.22 | — | — | 86 | Consumer Defensive | |
| Colgate-Palmolive Company | -0.21 | -0.15 | -0.15 | 59 | Consumer Defensive |
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