Looking to balance out your exposure to SOBKY? The ETFs below have the lowest correlation with SOBKY — they tend to move on their own, which can help reduce risk when SOBKY drops. The stock ideas table highlights individual companies that behave independently from SOBKY.
Best Diversifiers for SOBKY
1 ETFs have low correlation with SOBKY (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core S&P 500 ETF (IVV) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core S&P 500 ETF | 0.23 | 0.23 | 0.26 | 70 | S&P 500 | SOBKY vs IVV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOBKY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOBKY and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.08, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.08 | 0.16 | 0.18 | 89 | Technology | |
| Amazon.com, Inc | 0.13 | 0.14 | 0.19 | 60 | Consumer Cyclical | |
| Rigetti Computing Inc | 0.14 | 0.13 | 0.13 | 68 | Technology | |
| SoftBank Group Corp. | 0.15 | 0.24 | 0.28 | 93 | Communication Services | |
| Fast Retailing Co Ltd ADR | 0.40 | 0.32 | 0.27 | 77 | Consumer Cyclical |
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