Looking to balance out your exposure to SNDL? The ETFs below have historically moved differently from SNDL, 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 SNDL
4 ETFs have low correlation with SNDL (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.16, down from 0.32 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.16 | 0.22 | 0.32 | 88 | Semiconductors, Technology Equities | SNDL vs SMH | |
| Saba Closed-End Funds ETF | 0.20 | 0.25 | 0.31 | 86 | Actively Managed | SNDL vs CEFS | |
| NEOS Nasdaq-100 High Income ETF | 0.23 | — | — | 52 | Nasdaq-100, Derivative Income | SNDL vs QQQI | |
| State Street SPDR S&P 500 ETF | 0.25 | 0.31 | 0.40 | 78 | S&P 500 | SNDL vs SPY | |
| Bridges Capital Tactical ETF | 0.31 | 0.29 | — | 73 | Tactical Allocation | SNDL vs BDGS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNDL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is NXP Semiconductors N.V. (NXPI) (Technology) with a 1Y correlation of 0.11, down from 0.31 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NXP Semiconductors N.V. | 0.11 | 0.25 | 0.31 | 51 | Technology | |
| Orchid Island Capital, Inc. | 0.19 | 0.29 | 0.31 | 59 | Real Estate | |
| Xeris Biopharma Holdings, Inc. | 0.20 | 0.28 | 0.31 | 69 | Healthcare | |
| Wayfair Inc. | 0.21 | 0.33 | 0.39 | 63 | Consumer Cyclical | |
| Apple Inc | 0.21 | 0.20 | 0.29 | 90 | Technology |
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