Looking to balance out your exposure to SNOW? The ETFs below have the lowest correlation with SNOW — they tend to move on their own, which can help reduce risk when SNOW drops. The stock ideas table highlights individual companies that behave independently from SNOW.
Best Diversifiers for SNOW
24 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 -0.09, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Pacer Global Cash Cows Dividend ETF | -0.09 | 0.12 | 0.21 | 79 | Large Cap Value Equities, Dividend | SNOW vs GCOW | |
| iShares Global Energy ETF | -0.06 | 0.05 | 0.11 | 76 | Energy Equities | SNOW vs IXC | |
| BondBloxx Bloomberg One Year Target Duration US Tr... | -0.05 | -0.06 | — | 99 | Government Bonds, Ultrashort Bond | SNOW vs XONE | |
| Invesco S&P Ultra Dividend Revenue ETF | -0.02 | 0.22 | 0.24 | 71 | Mid Cap Value Equities, Dividend | SNOW vs RDIV | |
| iShares 0-5 Year TIPS Bond ETF | -0.01 | 0.05 | 0.09 | 93 | Inflation-Protected Bonds | SNOW vs STIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNOW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNOW and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.29, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.29 | -0.11 | -0.02 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.20 | -0.10 | -0.04 | 92 | Healthcare | |
| Altria Group, Inc. | -0.19 | -0.06 | -0.06 | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.17 | -0.07 | -0.03 | 59 | Communication Services | |
| Walmart Inc. | -0.16 | 0.03 | 0.07 | 63 | Consumer Defensive |
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