Looking to diversify beyond SRLN? The ETFs below have historically moved differently from SRLN, 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 SRLN
421 ETFs have low correlation with SRLN (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, down from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.32 | — | 51 | Cryptocurrency | SRLN vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.39 | — | — | 69 | Derivative Income | SRLN vs WNTR | |
| Invesco DB Energy Fund | -0.19 | -0.03 | 0.11 | 66 | Oil & Gas | SRLN vs DBE | |
| ProShares UltraShort Yen | -0.17 | -0.09 | -0.08 | 59 | Leveraged Currency | SRLN vs YCS | |
| YieldMax XOM Option Income Strategy ETF | -0.17 | 0.06 | 0.06 | 52 | Derivative Income, Dividend | SRLN vs XOMO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SRLN, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.25, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.25 | -0.02 | 0.08 | 52 | Utilities | |
| Altria Group, Inc. | -0.24 | -0.02 | 0.12 | 66 | Consumer Defensive | |
| Chubb Limited | -0.17 | 0.03 | 0.17 | 87 | Financial Services | |
| Johnson & Johnson | -0.16 | 0.00 | 0.07 | 96 | Healthcare | |
| The Coca-Cola Company | -0.15 | 0.03 | 0.15 | 87 | Consumer Defensive |
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