Looking to balance out your exposure to SQFTP? The ETFs below have the lowest correlation with SQFTP — they tend to move on their own, which can help reduce risk when SQFTP drops. The stock ideas table highlights individual companies that behave independently from SQFTP.
Best Diversifiers for SQFTP
1 ETFs have low correlation with SQFTP (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.02, roughly unchanged from 0.02 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.02 | 0.02 | — | 83 | Dividend | SQFTP vs SCHD |
Diversification Analysis
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