Looking to balance out your exposure to SRPT? The ETFs below have the lowest correlation with SRPT — they tend to move on their own, which can help reduce risk when SRPT drops. The stock ideas table highlights individual companies that behave independently from SRPT.
Best Diversifiers for SRPT
3 ETFs have low correlation with SRPT (below 0.3), 0 of which are negatively correlated. The least correlated is Schwab U.S. Dividend Equity ETF (SCHD) (Dividend) with a 1Y correlation of 0.19, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.19 | 0.22 | 0.28 | 77 | Dividend | SRPT vs SCHD | |
| Direxion Daily GOOGL Bull 2X Shares | 0.25 | 0.22 | — | 94 | Leveraged Equities | SRPT vs GGLL | |
| Vanguard Value ETF | 0.28 | 0.27 | 0.31 | 86 | Large Cap Value Equities | SRPT vs VTV | |
| Vanguard Information Technology ETF | 0.32 | 0.26 | 0.31 | 58 | Technology Equities | SRPT vs VGT | |
| Vanguard Dividend Appreciation ETF | 0.32 | 0.29 | 0.32 | 55 | Dividend | SRPT vs VIG |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRPT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.05 | 0.02 | 74 | Consumer Defensive | |
| ConocoPhillips Company | -0.04 | -0.00 | 0.10 | 65 | Energy | |
| Abercrombie & Fitch Co. | 0.06 | 0.08 | 0.16 | 50 | Consumer Cyclical | |
| Merck & Co., Inc. | 0.13 | 0.16 | 0.15 | 90 | Healthcare | |
| Edwards Lifesciences Corporation | 0.13 | 0.20 | 0.25 | 66 | Healthcare |
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