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
92 ETFs have low correlation with SNDK (below 0.3), 12 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.12 | — | — | 66 | Oil & Gas | SNDK vs USO | |
| Invesco DB Energy Fund | -0.09 | — | — | 71 | Oil & Gas | SNDK vs DBE | |
| Goldman Sachs Ultra Short Bond ETF | -0.06 | — | — | 99 | Ultrashort Bond | SNDK vs GSST | |
| iShares Core High Dividend ETF | -0.05 | — | — | 64 | Dividend, Large Cap Value Equities | SNDK vs HDV | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.03 | — | — | 71 | Commodities | SNDK vs GSG |
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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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.20, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.20 | -0.14 | -0.14 | 53 | Utilities | |
| Chubb Limited | -0.17 | -0.10 | -0.10 | 51 | Financial Services | |
| Altria Group, Inc. | -0.15 | — | — | 69 | Consumer Defensive | |
| The Coca-Cola Company | -0.13 | -0.09 | -0.09 | 66 | Consumer Defensive | |
| Verizon Communications Inc. | -0.11 | -0.08 | -0.08 | 59 | Communication Services |
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