Looking to balance out your exposure to SATL? The ETFs below have the lowest correlation with SATL — they tend to move on their own, which can help reduce risk when SATL drops. The stock ideas table highlights individual companies that behave independently from SATL.
Best Diversifiers for SATL
6 ETFs have low correlation with SATL (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | 0.02 | 0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | SATL vs BIL | |
| WisdomTree Japan Opportunities ETF | 0.18 | 0.16 | 0.13 | 94 | Japan Equities, Asia Pacific Equities | SATL vs OPPJ | |
| WisdomTree Japan Hedged Equity Fund | 0.22 | 0.18 | 0.15 | 94 | Japan Equities, Asia Pacific Equities | SATL vs DXJ | |
| Invesco S&P 500 Momentum ETF | 0.28 | 0.26 | 0.20 | 51 | Momentum, S&P 500 | SATL vs SPMO | |
| Vanguard FTSE Developed Markets ETF | 0.29 | 0.26 | 0.20 | 59 | Foreign Large Cap Equities | SATL vs VEA |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SATL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SATL and solid risk/return profiles. The least correlated is RTX Corporation (RTX) (Industrials) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| RTX Corporation | 0.09 | 0.11 | 0.08 | 77 | Industrials | |
| Sirius XM Holdings Inc. | 0.12 | 0.16 | 0.15 | 78 | Communication Services | |
| Lumentum Holdings Inc. | 0.14 | 0.18 | 0.14 | 98 | Technology | |
| Arista Networks, Inc. | 0.14 | 0.17 | 0.13 | 74 | Technology | |
| Lockheed Martin Corporation | 0.14 | 0.02 | 0.02 | 56 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SATL
Add SATL to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SATL