Looking to balance out your exposure to SVNDY? The ETFs below have the lowest correlation with SVNDY — they tend to move on their own, which can help reduce risk when SVNDY drops. The stock ideas table highlights individual companies that behave independently from SVNDY.
Best Diversifiers for SVNDY
1 ETFs have low correlation with SVNDY (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.19 | 0.22 | 0.26 | 70 | S&P 500 | SVNDY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SVNDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SVNDY and solid risk/return profiles. The least correlated is Japan Exchange Group Inc ADR (JPXGY) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Japan Exchange Group Inc ADR | 0.31 | 0.25 | 0.29 | 59 | Financial Services |
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