PortfoliosLab logoPortfoliosLab logo

Looking to diversify beyond SNOY? The ETFs below have the lowest correlation with SNOY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SNOY.

Best Diversifiers for SNOY

1301 ETFs have low correlation with SNOY (below 0.3), 135 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.56, roughly unchanged from -0.56 over 5 years.


See all 1552 diversifiers for SNOY

To view more results, upgrade your current subscription plan.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from SNOY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNOY and solid risk/return profiles. The least correlated is Orchid Island Capital, Inc. (ORC) (Real Estate) with a 1Y correlation of 0.01, down from 0.13 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Orchid Island Capital, Inc.0.010.130.13
64
Real Estate
Snowflake Inc.0.97
58
Technology

Rows per page

1–2 of 2

Diversification Analysis

Build a portfolio that complements SNOY

Add SNOY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with SNOY