Looking to balance out your exposure to SNOW? The ETFs below have historically moved differently from SNOW, 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 SNOW
32 ETFs have low correlation with SNOW (below 0.3), 5 of which are negatively correlated. The least correlated is Pacer Global Cash Cows Dividend ETF (GCOW) (Large Cap Value Equities) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | -0.04 | 0.11 | 0.21 | 89 | Large Cap Value Equities, Dividend | SNOW vs GCOW | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.03 | -0.06 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SNOW vs BIL | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | -0.02 | -0.06 | — | 99 | Government Bonds, Ultrashort Bond | SNOW vs XONE | |
| Invesco S&P Ultra Dividend Revenue ETF | -0.02 | 0.21 | 0.24 | 95 | Mid Cap Value Equities, Dividend | SNOW vs RDIV | |
| iShares Global Energy ETF | -0.01 | 0.05 | 0.11 | 81 | Energy Equities | SNOW vs IXC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNOW, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.34, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.34 | -0.15 | -0.03 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.27 | -0.08 | -0.07 | 66 | Consumer Defensive | |
| Walmart Inc. | -0.21 | 0.01 | 0.07 | 60 | Consumer Defensive | |
| Johnson & Johnson | -0.20 | -0.12 | -0.05 | 96 | Healthcare | |
| Verizon Communications Inc. | -0.19 | -0.09 | -0.03 | 66 | Communication Services |
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