Looking to balance out your exposure to SBLK? The ETFs below have historically moved differently from SBLK, 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 SBLK
25 ETFs have low correlation with SBLK (below 0.3), 1 of which are negatively correlated. The least correlated is KFA Mount Lucas Index Strategy ETF (KMLM) (Systematic Trend) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KFA Mount Lucas Index Strategy ETF | -0.01 | -0.02 | 0.01 | 51 | Systematic Trend | SBLK vs KMLM | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | 0.04 | 0.14 | 0.21 | 56 | Commodities | SBLK vs COMT | |
| FolioBeyond Alternative Income and Interest Rate H... | 0.04 | 0.05 | — | 51 | Nontraditional Bonds | SBLK vs RISR | |
| VanEck Commodity Strategy ETF | 0.08 | 0.15 | — | 88 | Commodities | SBLK vs PIT | |
| Teucrium Soybean Fund | 0.08 | 0.16 | 0.14 | 56 | Agricultural Commodities | SBLK vs SOYB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SBLK, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | -0.10 | -0.01 | 66 | Consumer Defensive | |
| Walmart Inc. | -0.09 | -0.05 | 0.01 | 60 | Consumer Defensive | |
| The Allstate Corporation | -0.04 | 0.02 | 0.07 | 83 | Financial Services | |
| The Hanover Insurance Group, Inc. | 0.01 | 0.02 | 0.08 | 90 | Financial Services | |
| Quest Diagnostics Incorporated | 0.01 | 0.06 | 0.05 | 87 | Healthcare |
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