Looking to balance out your exposure to SE? The ETFs below have the lowest correlation with SE — they tend to move on their own, which can help reduce risk when SE drops. The stock ideas table highlights individual companies that behave independently from SE.
Best Diversifiers for SE
13 ETFs have low correlation with SE (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.17, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.17 | 0.03 | 0.09 | 59 | Energy Equities | SE vs XLE | |
| Barclays ETN+ Select MLP ETN | -0.12 | 0.14 | 0.18 | 65 | MLPs | SE vs ATMP | |
| iShares Global Utilities ETF | 0.05 | 0.13 | 0.18 | 51 | Utilities Equities | SE vs JXI | |
| PIMCO Enhanced Short Maturity Active ETF | 0.06 | 0.03 | 0.11 | 100 | Ultrashort Bond | SE vs MINT | |
| iShares 0-1 Year Treasury Bond ETF | 0.06 | -0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | SE vs SHV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SE and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.23, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.23 | 0.10 | 0.13 | 69 | Consumer Defensive | |
| EOG Resources, Inc. | -0.18 | 0.01 | 0.06 | 66 | Energy | |
| ConocoPhillips Company | -0.17 | -0.01 | 0.05 | 69 | Energy | |
| Marathon Petroleum Corporation | -0.16 | 0.01 | 0.10 | 93 | Energy | |
| Valero Energy Corporation | -0.11 | 0.01 | 0.05 | 97 | Energy |
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