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
130 ETFs have low correlation with SONY (below 0.3), 7 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.07, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | SONY vs BIL | |
| WisdomTree Floating Rate Treasury Fund | -0.06 | -0.01 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SONY vs USFR | |
| Alpha Architect 1-3 Month Box ETF | -0.05 | 0.02 | — | 100 | Ultrashort Bond | SONY vs BOXX | |
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.04 | -0.01 | 100 | Ultrashort Bond | SONY vs SGOV | |
| Vanguard Short-Term Inflation-Protected Securities... | -0.02 | 0.13 | 0.13 | 83 | Inflation-Protected Bonds | SONY vs VTIP |
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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 -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.09 | 0.05 | 0.08 | 72 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.08 | 0.13 | 85 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.00 | 0.09 | 0.13 | 75 | Energy | |
| ConocoPhillips Company | 0.01 | 0.06 | 0.15 | 65 | Energy | |
| Dow Inc. | 0.01 | 0.15 | 0.24 | 55 | Basic Materials |
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