Looking to balance out your exposure to SJT? The ETFs below have the lowest correlation with SJT — they tend to move on their own, which can help reduce risk when SJT drops. The stock ideas table highlights individual companies that behave independently from SJT.
Best Diversifiers for SJT
3 ETFs have low correlation with SJT (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.02, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.02 | 0.11 | 0.20 | 66 | S&P 500 | SJT vs SPY | |
| WisdomTree U.S. Quality Dividend Growth Fund | -0.01 | 0.11 | 0.20 | 53 | Dividend, Large Cap Growth Equities | SJT vs DGRW | |
| Invesco BulletShares 2029 High Yield Corporate Bon... | 0.02 | 0.07 | — | 55 | High Yield Bonds | SJT vs BSJT |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SJT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SJT and solid risk/return profiles. The least correlated is Delek Logistics Partners, LP (DKL) (Energy) with a 1Y correlation of 0.10, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek Logistics Partners, LP | 0.10 | 0.12 | 0.17 | 83 | Energy | |
| CVR Partners, LP | 0.14 | 0.19 | 0.25 | 80 | Basic Materials | |
| Cheniere Energy, Inc. | 0.17 | 0.23 | 0.31 | 58 | Energy | |
| Sabine Royalty Trust | 0.32 | 0.34 | 0.40 | 65 | Energy |
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