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
184 ETFs have low correlation with SBUX (below 0.3), 6 of which are negatively correlated. The least correlated is WisdomTree Floating Rate Treasury Fund (USFR) (Government Bonds) with a 1Y correlation of -0.19, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.19 | -0.01 | 0.00 | 100 | Government Bonds, Ultrashort Bond | SBUX vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.06 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SBUX vs BIL | |
| Global X MLP & Energy Infrastructure ETF | -0.02 | 0.14 | 0.23 | 55 | MLPs | SBUX vs MLPX | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.02 | 0.04 | — | 71 | Municipal Bonds | SBUX vs VTES | |
| iShares National AMT-Free Muni Bond ETF | -0.00 | 0.07 | 0.09 | 66 | Municipal Bonds | SBUX vs MUB |
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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 -0.07, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.07 | 0.09 | 0.17 | 72 | Energy | |
| Kinder Morgan, Inc. | -0.04 | 0.10 | 0.20 | 72 | Energy | |
| Palo Alto Networks, Inc. | -0.02 | 0.07 | 0.22 | 69 | Technology | |
| Duke Energy Corporation | -0.01 | 0.08 | 0.18 | 62 | Utilities | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.10 | 0.23 | 65 | Technology |
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