Looking to balance out your exposure to SNEX? The ETFs below have the lowest correlation with SNEX — they tend to move on their own, which can help reduce risk when SNEX drops. The stock ideas table highlights individual companies that behave independently from SNEX.
Best Diversifiers for SNEX
0 ETFs have low correlation with SNEX (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin International Low Volatility High Dividend Index ETF (LVHI) (Volatility Hedged Equity) with a 1Y correlation of 0.30, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin International Low Volatility High Dividen... | 0.30 | 0.35 | 0.39 | 93 | Volatility Hedged Equity, Dividend | SNEX vs LVHI | |
| iShares MSCI Austria ETF | 0.31 | 0.36 | 0.38 | 81 | Europe Equities | SNEX vs EWO | |
| iShares Global Tech ETF | 0.31 | 0.33 | 0.35 | 76 | Technology Equities | SNEX vs IXN | |
| State Street Technology Select Sector SPDR ETF | 0.31 | 0.34 | 0.36 | 66 | Technology Equities | SNEX vs XLK | |
| WisdomTree Japan Opportunities ETF | 0.32 | 0.29 | 0.29 | 92 | Japan Equities | SNEX vs OPPJ |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNEX and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.10 | 0.02 | 0.13 | 74 | Consumer Defensive | |
| Altria Group, Inc. | -0.08 | 0.03 | 0.12 | 74 | Consumer Defensive | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.06 | 0.13 | 0.17 | 61 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.06 | 0.11 | 0.18 | 83 | Consumer Defensive | |
| Exxon Mobil Corporation | -0.01 | 0.13 | 0.20 | 74 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SNEX
Add SNEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SNEX