Looking to balance out your exposure to SON? The ETFs below have the lowest correlation with SON — they tend to move on their own, which can help reduce risk when SON drops. The stock ideas table highlights individual companies that behave independently from SON.
Best Diversifiers for SON
0 ETFs have low correlation with SON (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, down from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.37 | 0.45 | 70 | S&P 500 | SON vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.56 | 0.58 | 0.62 | 80 | Dividend | SON vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SON, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SON and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.10, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.10 | 0.23 | 0.27 | 83 | Energy | |
| Alphabet Inc. Class A | 0.13 | 0.13 | 0.20 | 96 | Communication Services | |
| Agnico Eagle Mines Limited | 0.16 | 0.14 | 0.16 | 66 | Basic Materials | |
| Coca-Cola FEMSA, S.A.B. de C.V. | 0.18 | 0.20 | 0.26 | 56 | Consumer Defensive | |
| TIM S.A. | 0.18 | 0.18 | 0.20 | 71 | Communication Services |
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