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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.56 | -0.56 | -0.56 | 99 | Leveraged Equities, Semiconductors | SNOY vs MUU | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | SNOY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | SNOY vs WNTR | |
| iShares Core High Dividend ETF | -0.22 | — | — | 72 | Dividend, Large Cap Value Equities | SNOY vs HDV | |
| Breakwave Tanker Shipping ETF | -0.17 | -0.06 | -0.06 | 99 | Commodities | SNOY vs BWET |
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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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.01 | 0.13 | 0.13 | 64 | Real Estate | |
| Snowflake Inc. | 0.97 | — | — | 58 | Technology |
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