Looking to balance out your exposure to SONVY? The ETFs below have the lowest correlation with SONVY — they tend to move on their own, which can help reduce risk when SONVY drops. The stock ideas table highlights individual companies that behave independently from SONVY.
Best Diversifiers for SONVY
1 ETFs have low correlation with SONVY (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.12, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.12 | 0.24 | 0.34 | 94 | Semiconductors, Technology Equities | SONVY vs SMH |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SONVY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SONVY and solid risk/return profiles. The least correlated is Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.06, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.06 | 0.01 | 0.07 | 60 | Energy | |
| Cheniere Energy, Inc. | -0.06 | 0.04 | 0.06 | 56 | Energy | |
| Arista Networks, Inc. | 0.07 | 0.15 | 0.26 | 81 | Technology | |
| CrowdStrike Holdings, Inc. | 0.09 | 0.14 | 0.27 | 75 | Technology | |
| Agnico Eagle Mines Limited | 0.14 | 0.17 | 0.18 | 61 | Basic Materials |
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