Looking to balance out your exposure to SNEX? The ETFs below have historically moved differently from SNEX, 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 SNEX
5 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 0.02, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.02 | 0.20 | 0.27 | 61 | Energy Equities | SNEX vs VDE | |
| Franklin International Low Volatility High Dividen... | 0.22 | 0.33 | 0.37 | 96 | Dividend, Low Volatility | SNEX vs LVHI | |
| Keating Active ETF | 0.22 | — | — | 73 | Global Allocation | SNEX vs KEAT | |
| Schwab U.S. Dividend Equity ETF | 0.25 | 0.35 | 0.43 | 94 | Dividend | SNEX vs SCHD | |
| SPDR S&P Biotech ETF | 0.27 | 0.32 | 0.33 | 93 | Health & Biotech Equities | SNEX vs XBI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNEX, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.00 | 0.10 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.15 | -0.01 | 0.12 | 86 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.08 | 0.10 | 0.17 | 85 | Consumer Defensive | |
| Johnson & Johnson | -0.07 | 0.05 | 0.10 | 96 | Healthcare | |
| Philip Morris International Inc. | -0.06 | 0.08 | 0.17 | 63 | Consumer Defensive |
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