Looking to balance out your exposure to SNV? The ETFs below have the lowest correlation with SNV — they tend to move on their own, which can help reduce risk when SNV drops. The stock ideas table highlights individual companies that behave independently from SNV.
Best Diversifiers for SNV
2 ETFs have low correlation with SNV (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.16, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.16 | 0.33 | 0.43 | 74 | Nasdaq-100 | SNV vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.45 | 0.55 | 74 | S&P 500 | SNV vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.01 | 0.13 | 0.23 | 73 | Consumer Defensive | |
| RTX Corporation | 0.02 | 0.19 | 0.34 | 75 | Industrials | |
| Organon & Co. | 0.17 | 0.29 | — | 63 | Healthcare | |
| Pfizer Inc. | 0.22 | 0.22 | 0.19 | 64 | Healthcare | |
| QUALCOMM Incorporated | 0.22 | 0.35 | 0.42 | 78 | Technology |
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