Looking to diversify beyond SNPD? The ETFs below have historically moved differently from SNPD, 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 SNPD
391 ETFs have low correlation with SNPD (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from -0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.10 | — | 72 | Oil & Gas | SNPD vs DBE | |
| Invesco DB Oil Fund | -0.22 | -0.08 | 0.02 | 58 | Oil & Gas | SNPD vs DBO | |
| United States Brent Oil Fund LP | -0.22 | -0.08 | — | 52 | Oil & Gas | SNPD vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.19 | -0.04 | — | 67 | Commodities | SNPD vs GSG | |
| Invesco DB Commodity Index Tracking Fund | -0.19 | -0.02 | — | 71 | Commodities | SNPD vs DBC |
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