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
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 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy ETF | 0.02 | 0.21 | 0.28 | 60 | Energy Equities | SNEX vs VDE | |
| Keating Active ETF | 0.23 | — | — | 63 | Global Allocation | SNEX vs KEAT | |
| Franklin International Low Volatility High Dividen... | 0.24 | 0.33 | 0.38 | 96 | Volatility Hedged Equity, Dividend | SNEX vs LVHI | |
| Schwab U.S. Dividend Equity ETF | 0.28 | 0.36 | 0.44 | 91 | Dividend | SNEX vs SCHD | |
| iShares MSCI Austria ETF | 0.30 | 0.36 | 0.38 | 83 | 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.14 | -0.00 | 0.12 | 84 | Consumer Defensive | |
| Altria Group, Inc. | -0.11 | 0.01 | 0.11 | 80 | Consumer Defensive | |
| Vista Oil & Gas, S.A.B. de C.V. | -0.07 | 0.12 | 0.17 | 70 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.04 | 0.11 | 0.16 | 85 | Consumer Defensive | |
| Philip Morris International Inc. | -0.04 | 0.10 | 0.17 | 52 | Consumer Defensive |
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