Looking to balance out your exposure to SRE? The ETFs below have the lowest correlation with SRE — they tend to move on their own, which can help reduce risk when SRE drops. The stock ideas table highlights individual companies that behave independently from SRE.
Best Diversifiers for SRE
4 ETFs have low correlation with SRE (below 0.3), 1 of which are negatively correlated. The least correlated is Fidelity MSCI Information Technology Index ETF (FTEC) (Technology Equities) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity MSCI Information Technology Index ETF | -0.06 | 0.04 | 0.16 | 51 | Technology Equities | SRE vs FTEC | |
| iShares Core S&P 500 ETF | 0.06 | 0.22 | 0.33 | 66 | S&P 500 | SRE vs IVV | |
| ProShares Ultra S&P500 | 0.07 | 0.22 | 0.33 | 54 | Leveraged Equities, S&P 500 | SRE vs SSO | |
| State Street Energy Select Sector SPDR ETF | 0.24 | 0.29 | 0.34 | 59 | Energy Equities | SRE vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRE and solid risk/return profiles. The least correlated is CrowdStrike Holdings, Inc. (CRWD) (Technology) with a 1Y correlation of -0.13, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CrowdStrike Holdings, Inc. | -0.13 | -0.00 | 0.05 | 81 | Technology | |
| Palo Alto Networks, Inc. | -0.11 | 0.02 | 0.09 | 85 | Technology | |
| NVIDIA Corporation | -0.11 | -0.07 | 0.03 | 63 | Technology | |
| Broadcom Inc. | -0.05 | -0.01 | 0.10 | 67 | Technology | |
| Fanuc Corporation | -0.04 | 0.07 | 0.13 | 82 | Industrials |
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