Looking to diversify beyond SETM? The ETFs below have the lowest correlation with SETM — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SETM.
Best Diversifiers for SETM
436 ETFs have low correlation with SETM (below 0.3), 70 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.19 | 0.03 | — | 71 | Oil & Gas | SETM vs UGA | |
| United States Oil Fund LP | -0.18 | 0.07 | 0.10 | 66 | Oil & Gas | SETM vs USO | |
| United States Brent Oil Fund LP | -0.18 | 0.07 | — | 65 | Oil & Gas | SETM vs BNO | |
| Invesco DB Energy Fund | -0.16 | 0.06 | 0.11 | 71 | Oil & Gas | SETM vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.15 | 0.02 | 0.02 | 56 | Derivative Income | SETM vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SETM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SETM and solid risk/return profiles. The least correlated is General Electric Company (GE) (Industrials) with a 1Y correlation of 0.26, roughly unchanged from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| General Electric Company | 0.26 | 0.28 | — | 66 | Industrials | |
| Sphere Entertainment Co. | 0.27 | 0.29 | 0.29 | 98 | Communication Services | |
| Micron Technology, Inc. | 0.33 | 0.35 | — | 99 | Technology | |
| Centrus Energy Corp. | 0.52 | 0.50 | — | 60 | Energy | |
| Sprott Inc | 0.62 | 0.60 | — | 91 | Financial Services |
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