Looking to balance out your exposure to SNY? The ETFs below have the lowest correlation with SNY — they tend to move on their own, which can help reduce risk when SNY drops. The stock ideas table highlights individual companies that behave independently from SNY.
Best Diversifiers for SNY
15 ETFs have low correlation with SNY (below 0.3), 3 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.11 | -0.03 | 66 | Oil & Gas | SNY vs USO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.09 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SNY vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | -0.08 | 0.00 | -0.01 | 100 | Ultrashort Bond | SNY vs SGOV | |
| iShares Semiconductor ETF | 0.05 | 0.06 | 0.11 | 96 | Semiconductors, Technology Equities | SNY vs SOXX | |
| Invesco NASDAQ 100 ETF | 0.10 | 0.07 | 0.15 | 75 | Nasdaq-100 | SNY vs QQQM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SNY and solid risk/return profiles. The least correlated is Valero Energy Corporation (VLO) (Energy) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Valero Energy Corporation | -0.06 | 0.02 | 0.07 | 94 | Energy | |
| Plains All American Pipeline, L.P. | -0.06 | 0.00 | 0.10 | 89 | Energy | |
| Diamondback Energy, Inc. | -0.01 | 0.00 | 0.06 | 81 | Energy | |
| EOG Resources, Inc. | -0.01 | 0.03 | 0.08 | 71 | Energy | |
| Equinor ASA | -0.00 | 0.09 | 0.10 | 83 | Energy |
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