Looking to balance out your exposure to SBUX? The ETFs below have the lowest correlation with SBUX — they tend to move on their own, which can help reduce risk when SBUX drops. The stock ideas table highlights individual companies that behave independently from SBUX.
Best Diversifiers for SBUX
228 ETFs have low correlation with SBUX (below 0.3), 10 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.00 | 0.01 | 100 | Government Bonds, Ultrashort Bond | SBUX vs USFR | |
| Invesco DB Commodity Index Tracking Fund | -0.05 | 0.02 | 0.08 | 60 | Commodities | SBUX vs DBC | |
| Vanguard Ultra-Short Treasury ETF | -0.05 | — | — | 100 | Ultrashort Bond, Government Bonds | SBUX vs VGUS | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.04 | 0.02 | — | 70 | Municipal Bonds | SBUX vs VTES | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.03 | 0.03 | 0.08 | 61 | Commodities | SBUX vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SBUX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SBUX and solid risk/return profiles. The least correlated is Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.06 | 0.10 | 0.20 | 81 | Energy | |
| Devon Energy Corporation | -0.03 | 0.10 | 0.17 | 75 | Energy | |
| Enterprise Products Partners L.P. | -0.02 | 0.14 | 0.21 | 86 | Energy | |
| Lockheed Martin Corporation | -0.02 | 0.06 | 0.10 | 57 | Industrials | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.09 | 0.23 | 82 | Technology |
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