Looking to balance out your exposure to SLF? The ETFs below have historically moved differently from SLF, 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 SLF
8 ETFs have low correlation with SLF (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.27, roughly unchanged from -0.35 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.27 | -0.28 | -0.35 | 53 | Currency | SLF vs UUP | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.18 | -0.05 | 0.14 | 78 | Commodities | SLF vs SDCI | |
| Vanguard Energy ETF | -0.16 | 0.11 | 0.30 | 65 | Energy Equities | SLF vs VDE | |
| iMGP DBi Managed Futures Strategy ETF | 0.03 | 0.10 | 0.03 | 90 | Systematic Trend | SLF vs DBMF | |
| SPDR S&P Biotech ETF | 0.11 | 0.27 | 0.32 | 94 | Health & Biotech Equities | SLF vs XBI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLF, 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 Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.20, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.20 | 0.06 | 0.25 | 73 | Energy | |
| Cenovus Energy Inc. | -0.16 | 0.10 | 0.28 | 93 | Energy | |
| Exxon Mobil Corporation | -0.15 | 0.07 | 0.25 | 83 | Energy | |
| Valero Energy Corporation | -0.13 | 0.08 | 0.22 | 97 | Energy | |
| Phillips 66 | -0.05 | 0.14 | 0.28 | 92 | Energy |
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