Looking to diversify beyond SNXX? The ETFs below have the lowest correlation with SNXX — 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 SNXX.
Best Diversifiers for SNXX
498 ETFs have low correlation with SNXX (below 0.3), 40 of which are negatively correlated. The least correlated is USCF Midstream Energy Income Fund ETF (UMI) (Energy Equities) with a 1Y correlation of -0.19, roughly unchanged from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF Midstream Energy Income Fund ETF | -0.19 | -0.19 | -0.19 | 54 | Energy Equities | SNXX vs UMI | |
| FT Energy Income Partners Strategy ETF | -0.15 | -0.15 | -0.15 | 75 | Energy Equities | SNXX vs EIPX | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.15 | -0.15 | -0.15 | 65 | Large Cap Value Equities, Dividend | SNXX vs FDL | |
| Bastion Energy ETF | -0.15 | -0.15 | -0.15 | 75 | Energy Equities | SNXX vs BESF | |
| Fidelity Managed Futures ETF | -0.14 | -0.14 | -0.14 | 64 | Systematic Trend | SNXX vs FFUT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNXX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNXX and solid risk/return profiles. The least correlated is The Goldman Sachs Group, Inc. (GS) (Financial Services) with a 1Y correlation of 0.19, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Goldman Sachs Group, Inc. | 0.19 | 0.19 | 0.19 | 91 | Financial Services | |
| Hudbay Minerals Inc. | 0.36 | 0.36 | 0.36 | 93 | Basic Materials | |
| Ciena Corporation | 0.37 | 0.37 | 0.37 | 99 | Technology | |
| Modine Manufacturing Company | 0.39 | 0.39 | 0.39 | 94 | Consumer Cyclical | |
| Sterling Infrastructure, Inc. | 0.47 | 0.47 | 0.47 | 97 | Industrials |
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