Looking to balance out your exposure to SRTS? The ETFs below have the lowest correlation with SRTS — they tend to move on their own, which can help reduce risk when SRTS drops. The stock ideas table highlights individual companies that behave independently from SRTS.
Best Diversifiers for SRTS
4 ETFs have low correlation with SRTS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-1 Year Treasury Bond ETF (SHV) (Government Bonds) with a 1Y correlation of -0.08, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-1 Year Treasury Bond ETF | -0.08 | -0.06 | -0.07 | 100 | Government Bonds, Ultrashort Bond | SRTS vs SHV | |
| iShares Global Utilities ETF | 0.09 | 0.09 | 0.09 | 51 | Utilities Equities | SRTS vs JXI | |
| Invesco S&P 500 Momentum ETF | 0.24 | 0.22 | 0.27 | 51 | Momentum, S&P 500 | SRTS vs SPMO | |
| Capital Group Dividend Value ETF | 0.29 | 0.23 | — | 70 | Large Cap Value Equities, Dividend | SRTS vs CGDV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRTS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRTS and solid risk/return profiles. The least correlated is Enterprise Products Partners L.P. (EPD) (Energy) with a 1Y correlation of 0.08, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Enterprise Products Partners L.P. | 0.08 | 0.12 | 0.17 | 87 | Energy | |
| Eli Lilly and Company | 0.08 | 0.07 | 0.06 | 79 | Healthcare | |
| Target Corporation | 0.08 | 0.10 | 0.17 | 80 | Consumer Defensive | |
| MPLX LP | 0.08 | 0.15 | 0.20 | 82 | Energy | |
| The Hartford Financial Services Group, Inc. | 0.10 | 0.06 | 0.13 | 68 | Financial Services |
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