Looking to balance out your exposure to SRPT? The ETFs below have historically moved differently from SRPT, 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 SRPT
4 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 0.11, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab U.S. Dividend Equity ETF | 0.11 | 0.20 | 0.26 | 95 | Dividend | SRPT vs SCHD | |
| Direxion Daily GOOGL Bull 2X Shares | 0.23 | 0.19 | — | 92 | Leveraged Equities | SRPT vs GGLL | |
| Vanguard Value ETF | 0.25 | 0.26 | 0.30 | 93 | Large Cap Value Equities | SRPT vs VTV | |
| Industrial Select Sector SPDR Fund | 0.26 | 0.27 | 0.29 | 53 | Industrials Equities | SRPT vs XLI | |
| Vanguard Information Technology ETF | 0.32 | 0.25 | 0.31 | 58 | Technology Equities | SRPT vs VGT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SRPT, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.22, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.22 | -0.05 | 0.01 | 64 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.10 | 0.03 | 0.08 | 84 | Consumer Defensive | |
| ConocoPhillips Company | -0.10 | -0.00 | 0.09 | 71 | Energy | |
| Merck & Co., Inc. | 0.11 | 0.15 | 0.14 | 94 | Healthcare | |
| Ecolab Inc. | 0.14 | 0.15 | 0.20 | 52 | Basic Materials |
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