Looking to balance out your exposure to SOND? The ETFs below have the lowest correlation with SOND — they tend to move on their own, which can help reduce risk when SOND drops. The stock ideas table highlights individual companies that behave independently from SOND.
Best Diversifiers for SOND
1 ETFs have low correlation with SOND (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.01, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.01 | 0.12 | 0.21 | 73 | Nasdaq-100 | SOND vs QQQ |
Diversification Analysis
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