Looking to balance out your exposure to YETI? The ETFs below have historically moved differently from YETI, 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 YETI
1 ETFs have low correlation with YETI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 Momentum ETF (SPMO) (Momentum) with a 1Y correlation of 0.19, down from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 Momentum ETF | 0.19 | 0.25 | 0.37 | 51 | Momentum, S&P 500 | YETI vs SPMO | |
| State Street SPDR S&P 500 ETF | 0.42 | 0.42 | 0.52 | 78 | S&P 500 | YETI vs SPY | |
| Amplify CWP Enhanced Dividend Income ETF | 0.52 | 0.46 | 0.48 | 84 | Derivative Income | YETI vs DIVO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for YETI, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.06 | 0.10 | 0.16 | 79 | Energy | |
| Celestica Inc. | 0.07 | 0.15 | 0.24 | 76 | Technology | |
| Walmart Inc. | 0.09 | 0.14 | 0.21 | 60 | Consumer Defensive | |
| COSCO SHIPPING Holdings Co., Ltd. | 0.09 | 0.04 | 0.09 | 59 | Industrials | |
| Palo Alto Networks, Inc. | 0.09 | 0.15 | 0.27 | 90 | Technology |
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