Looking to balance out your exposure to SNDX? The ETFs below have the lowest correlation with SNDX — they tend to move on their own, which can help reduce risk when SNDX drops. The stock ideas table highlights individual companies that behave independently from SNDX.
Best Diversifiers for SNDX
1 ETFs have low correlation with SNDX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.23 | 0.31 | 0.32 | 70 | S&P 500 | SNDX vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNDX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNDX and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.03 | 0.07 | 0.08 | 63 | Consumer Defensive | |
| Seagate Technology plc | -0.01 | 0.12 | 0.16 | 99 | Technology | |
| Red Cat Holdings, Inc. | 0.01 | 0.09 | 0.11 | 69 | Technology | |
| Oklo Inc. | 0.01 | 0.06 | 0.06 | 52 | Utilities | |
| Micron Technology, Inc. | 0.05 | 0.13 | 0.17 | 99 | Technology |
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