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 Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | 0.05 | 0.15 | 0.22 | 71 | Commodities | SBLK vs COMT | |
| YieldMax NVDA Option Income Strategy ETF | 0.09 | 0.20 | 0.20 | 52 | Derivative Income, Options Trading | SBLK vs NVDY | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.05 | 0.05 | 98 | CLO | SBLK vs JAAA | |
| VanEck Commodity Strategy ETF | 0.11 | 0.17 | 0.18 | 87 | Commodities | SBLK vs PIT | |
| United States Commodity Index Fund | 0.13 | 0.18 | 0.23 | 74 | Commodities | SBLK vs USCI |
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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 -0.17, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.08 | 0.02 | 69 | Consumer Defensive | |
| CF Industries Holdings, Inc. | 0.03 | 0.11 | 0.19 | 60 | Basic Materials | |
| Equinor ASA | 0.06 | 0.20 | 0.26 | 82 | Energy | |
| Monster Beverage Corporation | 0.06 | 0.05 | 0.06 | 79 | Consumer Defensive | |
| YPF Sociedad Anónima | 0.07 | 0.12 | 0.22 | 71 | Energy |
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