Looking to diversify beyond SRET? The ETFs below have historically moved differently from SRET, 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 SRET
541 ETFs have low correlation with SRET (below 0.3), 69 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.14 | 0.05 | 72 | Oil & Gas | SRET vs DBE | |
| United States Brent Oil Fund LP | -0.32 | -0.12 | 0.05 | 52 | Oil & Gas | SRET vs BNO | |
| United States Oil Fund LP | -0.32 | -0.12 | 0.05 | 55 | Oil & Gas | SRET vs USO | |
| ProShares UltraShort Yen | -0.32 | -0.26 | -0.19 | 56 | Leveraged Currency | SRET vs YCS | |
| Invesco DB Oil Fund | -0.30 | -0.11 | 0.06 | 58 | Oil & Gas | SRET vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SRET, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.04, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.05 | 0.10 | 0.27 | 56 | Technology | |
| Texas Pacific Land Corporation | 0.12 | 0.22 | 0.29 | 62 | Energy | |
| Newmont Corporation | 0.24 | 0.31 | 0.32 | 74 | Basic Materials | |
| RTX Corporation | 0.25 | 0.23 | 0.34 | 82 | Industrials | |
| Pfizer Inc. | 0.35 | 0.39 | 0.32 | 64 | Healthcare |
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