Looking to balance out your exposure to SOFI? The ETFs below have historically moved differently from SOFI, 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 SOFI
93 ETFs have low correlation with SOFI (below 0.3), 23 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.14, roughly unchanged from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KFA Mount Lucas Index Strategy ETF | -0.14 | -0.07 | -0.14 | 51 | Systematic Trend | SOFI vs KMLM | |
| iShares Core High Dividend ETF | -0.12 | 0.19 | 0.23 | 91 | Dividend, Large Cap Value Equities | SOFI vs HDV | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.12 | 0.05 | 0.08 | 61 | Commodities | SOFI vs GSG | |
| State Street Energy Select Sector SPDR ETF | -0.12 | 0.16 | 0.18 | 75 | Energy Equities | SOFI vs XLE | |
| Barclays ETN+ Select MLP ETN | -0.12 | 0.24 | 0.28 | 64 | MLPs | SOFI vs ATMP |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SOFI, 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 The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.32, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.32 | -0.09 | -0.01 | 87 | Consumer Defensive | |
| Altria Group, Inc. | -0.26 | -0.03 | 0.02 | 66 | Consumer Defensive | |
| Johnson & Johnson | -0.25 | -0.06 | -0.03 | 96 | Healthcare | |
| Chubb Limited | -0.23 | -0.02 | 0.04 | 87 | Financial Services | |
| Duke Energy Corporation | -0.23 | -0.07 | -0.03 | 52 | Utilities |
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