Looking to balance out your exposure to SLNG? The ETFs below have the lowest correlation with SLNG — they tend to move on their own, which can help reduce risk when SLNG drops. The stock ideas table highlights individual companies that behave independently from SLNG.
Best Diversifiers for SLNG
2 ETFs have low correlation with SLNG (below 0.3), 1 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 -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.06 | 0.04 | 0.13 | 70 | S&P 500 | SLNG vs SPY | |
| Fidelity MSCI Energy Index ETF | 0.07 | 0.07 | 0.11 | 64 | Energy Equities | SLNG vs FENY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLNG and solid risk/return profiles. The least correlated is Chevron Corporation (CVX) (Energy) with a 1Y correlation of 0.07, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chevron Corporation | 0.07 | 0.07 | 0.10 | 83 | Energy | |
| Energy Transfer LP | 0.08 | 0.08 | 0.12 | 69 | Energy |
Build a portfolio that complements SLNG
Add SLNG to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SLNG