Looking to balance out your exposure to STE? The ETFs below have the lowest correlation with STE — they tend to move on their own, which can help reduce risk when STE drops. The stock ideas table highlights individual companies that behave independently from STE.
Best Diversifiers for STE
8 ETFs have low correlation with STE (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of 0.11, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | 0.11 | 0.22 | 0.38 | 76 | Technology Equities | STE vs VGT | |
| iShares Expanded Tech Sector ETF | 0.12 | 0.22 | 0.38 | 79 | Technology Equities | STE vs IGM | |
| Fidelity MSCI Information Technology Index ETF | 0.13 | 0.22 | 0.38 | 77 | Technology Equities | STE vs FTEC | |
| State Street Technology Select Sector SPDR ETF | 0.13 | 0.22 | 0.38 | 83 | Technology Equities | STE vs XLK | |
| Invesco QQQ ETF | 0.17 | 0.26 | 0.40 | 73 | Nasdaq-100 | STE vs QQQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STE and solid risk/return profiles. The least correlated is TC Energy Corporation (TRP) (Energy) with a 1Y correlation of 0.07, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TC Energy Corporation | 0.07 | 0.16 | 0.23 | 87 | Energy | |
| Roku, Inc. | 0.09 | 0.15 | 0.27 | 78 | Communication Services | |
| Raytheon Technologies Corporation | 0.10 | 0.16 | 0.23 | 70 | Industrials | |
| Cadence Design Systems, Inc. | 0.11 | 0.18 | 0.32 | 68 | Technology | |
| CVS Health Corporation | 0.11 | 0.15 | 0.23 | 80 | Healthcare |
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Build a portfolio that complements STE
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