Looking to balance out your exposure to SBLK? The ETFs below have the lowest correlation with SBLK — they tend to move on their own, which can help reduce risk when SBLK drops. The stock ideas table highlights individual companies that behave independently from SBLK.
Best Diversifiers for SBLK
18 ETFs have low correlation with SBLK (below 0.3), 0 of which are negatively correlated. The least correlated is iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT) (Commodities) with a 1Y correlation of 0.06, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.06 | 0.15 | 0.22 | 52 | Commodities | SBLK vs COMT | |
| VanEck Commodity Strategy ETF | 0.11 | 0.16 | — | 78 | Commodities | SBLK vs PIT | |
| Alerian MLP ETF | 0.12 | 0.18 | 0.25 | 53 | MLPs | SBLK vs AMLP | |
| Janus Henderson AAA CLO ETF | 0.12 | 0.05 | 0.03 | 99 | CLO | SBLK vs JAAA | |
| Harbor Commodity All-Weather Strategy ETF | 0.13 | 0.18 | — | 77 | Commodities | SBLK vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBLK, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBLK and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | -0.09 | -0.00 | 78 | Consumer Defensive | |
| Walmart Inc. | -0.08 | -0.05 | 0.01 | 69 | Consumer Defensive | |
| The Southern Company | -0.08 | -0.02 | -0.00 | 58 | Utilities | |
| The Allstate Corporation | -0.03 | 0.02 | 0.09 | 81 | Financial Services | |
| The Hanover Insurance Group, Inc. | 0.03 | 0.02 | 0.08 | 85 | Financial Services |
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