Looking to balance out your exposure to SNN? The ETFs below have the lowest correlation with SNN — they tend to move on their own, which can help reduce risk when SNN drops. The stock ideas table highlights individual companies that behave independently from SNN.
Best Diversifiers for SNN
1 ETFs have low correlation with SNN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.27, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.27 | 0.34 | 0.44 | 74 | S&P 500 | SNN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNN and solid risk/return profiles. The least correlated is Gilead Sciences, Inc. (GILD) (Healthcare) with a 1Y correlation of 0.23, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Gilead Sciences, Inc. | 0.23 | 0.28 | 0.30 | 65 | Healthcare |
Build a portfolio that complements SNN
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