Looking to balance out your exposure to SNY? The ETFs below have historically moved differently from SNY, 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 SNY
15 ETFs have low correlation with SNY (below 0.3), 3 of which are negatively correlated. The least correlated is iShares Semiconductor ETF (SOXX) (Semiconductors) with a 1Y correlation of -0.03, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Semiconductor ETF | -0.03 | 0.02 | 0.08 | 89 | Semiconductors, Technology Equities | SNY vs SOXX | |
| iMGP DBi Managed Futures Strategy ETF | -0.02 | -0.02 | -0.06 | 85 | Systematic Trend | SNY vs DBMF | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | -0.05 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SNY vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.02 | -0.00 | 100 | Ultrashort Bond | SNY vs SGOV | |
| Invesco NASDAQ 100 ETF | 0.01 | 0.05 | 0.13 | 54 | Nasdaq-100 | SNY vs QQQM |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SNY, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.09, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.09 | 0.01 | 0.05 | 98 | Energy | |
| Plains All American Pipeline, L.P. | -0.08 | -0.01 | 0.09 | 90 | Energy | |
| Diamondback Energy, Inc. | -0.08 | -0.02 | 0.04 | 72 | Energy | |
| Dell Technologies Inc. | -0.07 | 0.01 | 0.06 | 97 | Technology | |
| NVIDIA Corporation | -0.06 | -0.05 | 0.04 | 63 | Technology |
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