Looking to balance out your exposure to SONO? The ETFs below have the lowest correlation with SONO — they tend to move on their own, which can help reduce risk when SONO drops. The stock ideas table highlights individual companies that behave independently from SONO.
Best Diversifiers for SONO
1 ETFs have low correlation with SONO (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | 0.08 | 0.12 | 0.13 | 99 | Ultrashort Bond | SONO vs JPST | |
| Vanguard FTSE Developed Markets ETF | 0.39 | 0.43 | 0.48 | 59 | Foreign Large Cap Equities | SONO vs VEA | |
| Vanguard FTSE All-World ex-US ETF | 0.41 | 0.43 | 0.48 | 60 | Foreign Large Cap Equities | SONO vs VEU | |
| Vanguard Total International Stock ETF | 0.42 | 0.44 | 0.49 | 60 | Global Equities | SONO vs VXUS | |
| SPDR Portfolio S&P 500 Value ETF | 0.44 | 0.45 | 0.49 | 66 | S&P 500, Large Cap Value Equities | SONO vs SPYV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SONO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SONO and solid risk/return profiles. The least correlated is The Coca-Cola Company (KO) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Coca-Cola Company | -0.11 | -0.06 | 0.05 | 66 | Consumer Defensive | |
| Glencore PLC ADR | 0.14 | 0.23 | 0.25 | 96 | Basic Materials | |
| TKO Group Holdings Inc. | 0.17 | 0.18 | 0.18 | 62 | Communication Services | |
| Amazon.com, Inc | 0.23 | 0.29 | 0.40 | 60 | Consumer Cyclical | |
| Oracle Corporation | 0.25 | 0.28 | 0.32 | 58 | Technology |
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