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
60 ETFs have low correlation with SOUN (below 0.3), 6 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 -0.05, roughly unchanged from -0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | -0.02 | — | 100 | Government Bonds, Ultrashort Bond | SOUN vs BIL | |
| Vanguard 0-3 Month Treasury Bill ETF | -0.05 | — | — | 100 | Ultrashort Bond | SOUN vs VBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.05 | -0.05 | — | 100 | Government Bonds, Ultrashort Bond | SOUN vs USFR | |
| iShares Treasury Floating Rate Bond ETF | -0.04 | -0.08 | — | 100 | Government Bonds, Ultrashort Bond | SOUN vs TFLO | |
| iShares Core High Dividend ETF | -0.03 | 0.11 | 0.11 | 70 | Dividend, Large Cap Value Equities | SOUN vs HDV |
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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 -0.25, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.12 | -0.10 | 62 | Utilities | |
| Altria Group, Inc. | -0.22 | -0.05 | -0.01 | 72 | Consumer Defensive | |
| The Coca-Cola Company | -0.21 | -0.06 | -0.04 | 74 | Consumer Defensive | |
| The Southern Company | -0.18 | -0.08 | -0.07 | 55 | Utilities | |
| Chubb Limited | -0.17 | -0.06 | -0.02 | 69 | Financial Services |
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