Looking to diversify beyond SNOY? The ETFs below have historically moved differently from SNOY, 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 SNOY
1481 ETFs have low correlation with SNOY (below 0.3), 141 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | — | — | 63 | Derivative Income | SNOY vs WNTR | |
| iShares Core High Dividend ETF | -0.21 | — | — | 88 | Dividend, Large Cap Value Equities | SNOY vs HDV | |
| VanEck Vectors Morningstar Durable Dividend ETF | -0.18 | — | — | 63 | Large Cap Blend Equities, Dividend | SNOY vs DURA | |
| Breakwave Tanker Shipping ETF | -0.15 | -0.05 | — | 99 | Commodities | SNOY vs BWET | |
| FT Vest DJIA Dogs 10 Target Income ETF | -0.14 | — | — | 66 | Derivative Income | SNOY vs DOGG |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNOY, 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 Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.02, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.02 | 0.12 | 0.12 | 52 | Real Estate | |
| Snowflake Inc. | 0.97 | — | — | 68 | Technology |
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