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
4 ETFs have low correlation with SNEX (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Energy ETF (VDE) (Energy Equities) with a 1Y correlation of 0.10, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.10 | 0.26 | 0.30 | 64 | Energy Equities | SNEX vs VDE | |
| iShares MSCI Global Silver and Metals Miners ETF | 0.24 | 0.23 | 0.22 | 55 | Silver, Precious Metals | SNEX vs SLVP | |
| Amplify Junior Silver Miners ETF | 0.26 | 0.25 | 0.24 | 54 | Silver, Commodity Producers Equities, Precious Metals | SNEX vs SILJ | |
| Keating Active ETF | 0.29 | — | — | 73 | Global Allocation | SNEX vs KEAT | |
| iShares MSCI Austria ETF | 0.31 | 0.36 | 0.38 | 66 | Europe Equities | SNEX vs EWO |
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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 Coca-Cola Consolidated, Inc. (COKE) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca-Cola Consolidated, Inc. | -0.02 | 0.11 | 0.19 | 80 | Consumer Defensive | |
| Eli Lilly and Company | 0.02 | 0.05 | 0.11 | 72 | Healthcare | |
| Exxon Mobil Corporation | 0.03 | 0.15 | 0.22 | 85 | Energy | |
| Johnson & Johnson | 0.03 | 0.07 | 0.13 | 92 | Healthcare | |
| Elbit Systems Ltd | 0.04 | 0.14 | 0.15 | 88 | Industrials |
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