Looking to balance out your exposure to SLB? The ETFs below have historically moved differently from SLB, 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 SLB
12 ETFs have low correlation with SLB (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.05, roughly unchanged from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.05 | 0.02 | -0.03 | 100 | Government Bonds, Ultrashort Bond | SLB vs BIL | |
| iShares 0-1 Year Treasury Bond ETF | -0.01 | 0.00 | -0.04 | 100 | Government Bonds, Ultrashort Bond | SLB vs SHV | |
| JPMorgan Ultra-Short Income ETF | 0.06 | 0.02 | -0.01 | 99 | Ultrashort Bond | SLB vs JPST | |
| iShares 0-5 Year TIPS Bond ETF | 0.10 | 0.06 | 0.11 | 93 | Inflation-Protected Bonds | SLB vs STIP | |
| State Street Health Care Select Sector SPDR ETF | 0.11 | 0.17 | 0.18 | 72 | Health & Biotech Equities | SLB vs XLV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLB, 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 Visa Inc. (V) (Financial Services) with a 1Y correlation of -0.06, down from 0.17 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Visa Inc. | -0.06 | 0.08 | 0.17 | 53 | Financial Services | |
| Duke Energy Corporation | -0.06 | 0.02 | 0.07 | 56 | Utilities | |
| Palo Alto Networks, Inc. | -0.04 | 0.07 | 0.07 | 88 | Technology | |
| HCA Healthcare, Inc. | -0.03 | 0.11 | 0.17 | 57 | Healthcare | |
| Monster Beverage Corporation | -0.02 | 0.08 | 0.07 | 94 | Consumer Defensive |
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