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
13 ETFs have low correlation with SBLK (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Commodity Strategy ETF (PIT) (Commodities) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Commodity Strategy ETF | 0.08 | 0.16 | — | 57 | Commodities | SBLK vs PIT | |
| Janus Henderson AAA CLO ETF | 0.10 | 0.05 | 0.04 | 98 | CLO | SBLK vs JAAA | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | 0.11 | — | — | 53 | Commodities | SBLK vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | 0.12 | 0.20 | 0.26 | 55 | Commodities | SBLK vs FTGC | |
| Pacific Global Senior Loan ETF | 0.16 | 0.18 | 0.15 | 84 | High Yield Bonds | SBLK vs FLRT |
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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 -0.20, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.09 | 0.01 | 72 | Consumer Defensive | |
| The Southern Company | -0.06 | -0.01 | 0.00 | 55 | Utilities | |
| The Allstate Corporation | -0.06 | 0.02 | 0.08 | 67 | Financial Services | |
| Exxon Mobil Corporation | 0.05 | 0.16 | 0.26 | 72 | Energy | |
| Equinor ASA | 0.05 | 0.19 | 0.26 | 66 | Energy |
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