Looking to diversify beyond SRLN? The ETFs below have the lowest correlation with SRLN — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SRLN.
Best Diversifiers for SRLN
374 ETFs have low correlation with SRLN (below 0.3), 77 of which are negatively correlated. The least correlated is United States Brent Oil Fund LP (BNO) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Brent Oil Fund LP | -0.22 | -0.00 | 0.12 | 65 | Oil & Gas | SRLN vs BNO | |
| United States Oil Fund LP | -0.21 | 0.00 | 0.12 | 66 | Oil & Gas | SRLN vs USO | |
| Invesco DB Energy Fund | -0.20 | -0.01 | 0.13 | 71 | Oil & Gas | SRLN vs DBE | |
| United States 12 Month Oil Fund LP | -0.18 | 0.02 | 0.14 | 56 | Oil & Gas | SRLN vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.18 | 0.02 | 0.14 | 55 | Oil & Gas | SRLN vs OILK |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRLN and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.21, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.21 | 0.02 | 0.14 | 69 | Consumer Defensive | |
| Duke Energy Corporation | -0.16 | 0.04 | 0.08 | 53 | Utilities | |
| PepsiCo, Inc. | -0.13 | 0.04 | 0.14 | 56 | Consumer Defensive | |
| The Coca-Cola Company | -0.12 | 0.05 | 0.15 | 66 | Consumer Defensive | |
| Chevron Corporation | -0.12 | 0.14 | 0.24 | 83 | Energy |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SRLN
Add SRLN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SRLN