Looking to diversify beyond SOYB? The ETFs below have the lowest correlation with SOYB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SOYB.
Best Diversifiers for SOYB
1451 ETFs have low correlation with SOYB (below 0.3), 250 of which are negatively correlated. The least correlated is Invesco BulletShares 2032 Municipal Bond ETF (BSMW) (Municipal Bonds) with a 1Y correlation of -0.17, down from 0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2032 Municipal Bond ETF | -0.17 | 0.05 | — | 68 | Municipal Bonds | SOYB vs BSMW | |
| Franklin Ultra Short Bond ETF | -0.13 | -0.09 | -0.03 | 94 | Ultrashort Bond | SOYB vs FLUD | |
| Capital Group Ultra Short Income ETF | -0.13 | — | — | 99 | Ultrashort Bond | SOYB vs CGUI | |
| SPDR Bloomberg 3-12 Month T-Bill ETF | -0.13 | -0.07 | -0.07 | 100 | Ultrashort Bond | SOYB vs BILS | |
| Capital Group Municipal Income ETF | -0.12 | 0.02 | — | 75 | Municipal Bonds | SOYB vs CGMU |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOYB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOYB and solid risk/return profiles. The least correlated is Kraken Robotics Inc (KRKNF) (Technology) with a 1Y correlation of -0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | -0.05 | 0.02 | 0.04 | 87 | Technology | |
| American Superconductor Corporation | 0.02 | 0.06 | 0.03 | 55 | Industrials | |
| Ambarella, Inc. | 0.03 | 0.09 | 0.07 | 56 | Technology | |
| Ituran Location and Control Ltd. | 0.05 | 0.04 | 0.02 | 91 | Technology | |
| Exxon Mobil Corporation | 0.06 | 0.13 | 0.21 | 72 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SOYB
Add SOYB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOYB