Looking to balance out your exposure to SOUN? The ETFs below have the lowest correlation with SOUN — they tend to move on their own, which can help reduce risk when SOUN drops. The stock ideas table highlights individual companies that behave independently from SOUN.
Best Diversifiers for SOUN
75 ETFs have low correlation with SOUN (below 0.3), 14 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.13, roughly unchanged from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.13 | -0.03 | — | 66 | Oil & Gas | SOUN vs USO | |
| iShares 0-1 Year Treasury Bond ETF | -0.09 | -0.05 | -0.08 | 100 | Government Bonds, Ultrashort Bond | SOUN vs SHV | |
| ProShares Ultra Bloomberg Crude Oil | -0.07 | -0.02 | 0.01 | 54 | Leveraged Commodities | SOUN vs UCO | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.07 | -0.01 | — | 100 | Government Bonds, Ultrashort Bond | SOUN vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.06 | — | — | 100 | Ultrashort Bond | SOUN vs VBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOUN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOUN and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, down from -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.23 | -0.11 | -0.09 | 53 | Utilities | |
| The Coca-Cola Company | -0.16 | -0.04 | — | 66 | Consumer Defensive | |
| Altria Group, Inc. | -0.16 | -0.03 | — | 69 | Consumer Defensive | |
| Verizon Communications Inc. | -0.14 | -0.03 | -0.00 | 59 | Communication Services | |
| Johnson & Johnson | -0.11 | -0.04 | — | 92 | Healthcare |
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