Looking to balance out your exposure to SONDW? The ETFs below have the lowest correlation with SONDW — they tend to move on their own, which can help reduce risk when SONDW drops. The stock ideas table highlights individual companies that behave independently from SONDW.
Best Diversifiers for SONDW
1 ETFs have low correlation with SONDW (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.07, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.07 | 0.07 | 0.09 | 73 | Nasdaq-100 | SONDW vs QQQ |
Diversification Analysis
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