Looking to balance out your exposure to SONY? The ETFs below have the lowest correlation with SONY — they tend to move on their own, which can help reduce risk when SONY drops. The stock ideas table highlights individual companies that behave independently from SONY.
Best Diversifiers for SONY
160 ETFs have low correlation with SONY (below 0.3), 16 of which are negatively correlated. The least correlated is Alpha Architect 1-3 Month Box ETF (BOXX) (Ultrashort Bond) with a 1Y correlation of -0.12, down from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect 1-3 Month Box ETF | -0.12 | -0.01 | -0.02 | 100 | Ultrashort Bond | SONY vs BOXX | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | -0.03 | 0.05 | 54 | Leveraged Commodities | SONY vs UCO | |
| United States Oil Fund LP | -0.10 | -0.05 | 0.05 | 66 | Oil & Gas | SONY vs USO | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.02 | -0.00 | 100 | Ultrashort Bond | SONY vs SGOV | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.08 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SONY vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SONY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SONY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.06, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.06 | 0.06 | 0.09 | 69 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.02 | 0.09 | 0.12 | 86 | Energy | |
| Enterprise Products Partners L.P. | -0.00 | 0.10 | 0.17 | 85 | Energy | |
| ConocoPhillips Company | 0.00 | 0.06 | 0.15 | 76 | Energy | |
| Dow Inc. | 0.01 | 0.16 | 0.25 | 60 | Basic Materials |
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