Looking to balance out your exposure to SLF? The ETFs below have the lowest correlation with SLF — they tend to move on their own, which can help reduce risk when SLF drops. The stock ideas table highlights individual companies that behave independently from SLF.
Best Diversifiers for SLF
8 ETFs have low correlation with SLF (below 0.3), 2 of which are negatively correlated. The least correlated is USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) (Commodities) with a 1Y correlation of -0.16, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.16 | -0.01 | 0.17 | 72 | Commodities | SLF vs SDCI | |
| Vanguard Energy ETF | -0.12 | 0.16 | 0.34 | 71 | Energy Equities | SLF vs VDE | |
| VanEck Vectors Rare Earth/Strategic Metals ETF | 0.09 | 0.27 | 0.37 | 86 | Materials | SLF vs REMX | |
| iMGP DBi Managed Futures Strategy ETF | 0.11 | 0.13 | 0.06 | 83 | Systematic Trend | SLF vs DBMF | |
| SPDR S&P Biotech ETF | 0.12 | 0.27 | 0.32 | 80 | Health & Biotech Equities | SLF vs XBI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLF, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLF and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of -0.19, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | -0.19 | 0.11 | 0.28 | 84 | Energy | |
| Exxon Mobil Corporation | -0.13 | 0.11 | 0.28 | 86 | Energy | |
| Valero Energy Corporation | -0.10 | 0.13 | 0.26 | 94 | Energy | |
| Phillips 66 | -0.05 | 0.18 | 0.31 | 89 | Energy | |
| BCE Inc. | 0.06 | 0.18 | 0.35 | 64 | Communication Services |
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