Looking to diversify beyond SFY? The ETFs below have the lowest correlation with SFY — 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 SFY.
Best Diversifiers for SFY
309 ETFs have low correlation with SFY (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.31, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.31 | -0.05 | 0.09 | 71 | Oil & Gas | SFY vs DBE | |
| United States Oil Fund LP | -0.30 | -0.05 | 0.08 | 66 | Oil & Gas | SFY vs USO | |
| United States Brent Oil Fund LP | -0.28 | -0.05 | 0.08 | 65 | Oil & Gas | SFY vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.27 | -0.07 | -0.07 | 55 | Derivative Income | SFY vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.26 | -0.01 | 0.10 | 55 | Oil & Gas | SFY vs OILK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SFY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SFY and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.03 | 0.08 | 73 | Consumer Defensive | |
| Duke Energy Corporation | -0.20 | -0.07 | 0.05 | 57 | Utilities | |
| Exxon Mobil Corporation | -0.18 | 0.04 | 0.16 | 86 | Energy | |
| The Coca-Cola Company | -0.17 | -0.01 | 0.16 | 62 | Consumer Defensive | |
| ConocoPhillips Company | -0.16 | 0.05 | 0.18 | 78 | Energy |
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