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
163 ETFs have low correlation with SONY (below 0.3), 8 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.54, roughly unchanged from -0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.54 | -0.54 | -0.54 | 99 | Leveraged Equities, Semiconductors | SONY vs MUU | |
| Invesco DB US Dollar Index Bullish Fund | -0.21 | -0.21 | -0.27 | 51 | Currency | SONY vs UUP | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | -0.00 | 0.09 | 55 | Commodities | SONY vs PDBC | |
| Alpha Architect 1-3 Month Box ETF | -0.06 | 0.01 | — | 100 | Ultrashort Bond | SONY vs BOXX | |
| Invesco DB Commodity Index Tracking Fund | -0.05 | -0.00 | 0.09 | 54 | Commodities | SONY vs DBC |
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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 -0.07, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.07 | 0.05 | 0.09 | 81 | Consumer Defensive | |
| Petróleo Brasileiro S.A. - Petrobras | -0.01 | 0.08 | 0.12 | 80 | Energy | |
| Dow Inc. | -0.01 | 0.14 | 0.24 | 51 | Basic Materials | |
| Occidental Petroleum Corporation | -0.01 | 0.07 | 0.15 | 62 | Energy | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.08 | 0.13 | 83 | Consumer Defensive |
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