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
1584 ETFs have low correlation with SOYB (below 0.3), 289 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Capital Group Ultra Short Income ETF | -0.17 | — | — | 99 | Ultrashort Bond | SOYB vs CGUI | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.15 | 0.06 | 0.04 | 67 | Municipal Bonds | SOYB vs BSMW | |
| BNY Mellon Ultra Short Income ETF | -0.13 | -0.02 | — | 99 | Ultrashort Bond | SOYB vs BKUI | |
| TCW Flexible Income ETF | -0.13 | -0.05 | -0.05 | 82 | Multisector Bonds | SOYB vs FLXR | |
| Franklin Ultra Short Bond ETF | -0.13 | -0.08 | -0.03 | 92 | Ultrashort Bond | SOYB vs FLUD |
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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 -0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kraken Robotics Inc | -0.02 | 0.02 | 0.04 | 92 | Technology | |
| Ambarella, Inc. | 0.03 | 0.09 | 0.06 | 58 | Technology | |
| American Superconductor Corporation | 0.04 | 0.06 | 0.03 | 61 | Industrials | |
| Exxon Mobil Corporation | 0.06 | 0.12 | 0.21 | 85 | Energy | |
| Ituran Location and Control Ltd. | 0.06 | 0.07 | 0.03 | 88 | Technology |
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