Looking to balance out your exposure to SBUX? The ETFs below have historically moved differently from SBUX, 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 SBUX
232 ETFs have low correlation with SBUX (below 0.3), 11 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.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Floating Rate Treasury Fund | -0.17 | -0.01 | 0.01 | 100 | Government Bonds, Ultrashort Bond | SBUX vs USFR | |
| Vanguard Ultra-Short Treasury ETF | -0.08 | -0.08 | -0.08 | 100 | Ultrashort Bond, Government Bonds | SBUX vs VGUS | |
| Invesco DB Commodity Index Tracking Fund | -0.08 | 0.01 | 0.07 | 59 | Commodities | SBUX vs DBC | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.07 | 0.01 | 0.07 | 60 | Commodities | SBUX vs PDBC | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | SBUX vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SBUX, 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 Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) (Technology) with a 1Y correlation of -0.06, roughly unchanged from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Strategy Inc Variable Rate Series A Perpetual Stre... | -0.06 | -0.06 | -0.06 | 60 | Technology | |
| Energy Transfer LP | -0.05 | 0.11 | 0.19 | 82 | Energy | |
| Devon Energy Corporation | -0.05 | 0.09 | 0.17 | 71 | Energy | |
| CrowdStrike Holdings, Inc. | -0.03 | 0.09 | 0.23 | 84 | Technology | |
| BP p.l.c. | -0.03 | 0.09 | 0.14 | 71 | Energy |
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