Looking to diversify beyond SOYB? The ETFs below have historically moved differently from SOYB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SOYB
1715 ETFs have low correlation with SOYB (below 0.3), 398 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.15, down from 0.02 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.15 | 0.02 | — | 65 | Municipal Bonds | SOYB vs BSMW | |
| Proshares Merger ETF | -0.15 | -0.01 | 0.04 | 95 | Event Driven | SOYB vs MRGR | |
| Breakwave Tanker Shipping ETF | -0.15 | -0.03 | — | 99 | Commodities | SOYB vs BWET | |
| Capital Group Municipal Income ETF | -0.14 | -0.01 | — | 73 | Municipal Bonds | SOYB vs CGMU | |
| Franklin Ultra Short Bond ETF | -0.13 | -0.08 | -0.03 | 97 | Ultrashort Bond | SOYB vs FLUD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SOYB, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Kraken Robotics Inc (KRKNF) (Technology) with a 1Y correlation of -0.04, roughly unchanged from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | -0.04 | 0.03 | 0.04 | 73 | Technology | |
| Employers Holdings, Inc. | -0.04 | 0.02 | 0.03 | 74 | Financial Services | |
| California Water Service Group | -0.02 | -0.02 | -0.01 | 61 | Utilities | |
| Berkshire Hathaway Inc. | -0.02 | 0.01 | 0.08 | 61 | Financial Services | |
| STMicroelectronics N.V. | -0.00 | 0.12 | 0.09 | 87 | Technology |
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