Looking to diversify beyond STIP? The ETFs below have the lowest correlation with STIP — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from STIP.
Best Diversifiers for STIP
1434 ETFs have low correlation with STIP (below 0.3), 142 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, up from -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.41 | -0.40 | 61 | Leveraged Currency | STIP vs YCS | |
| ProShares Investment Grade-Interest Rate Hedged | -0.17 | -0.09 | -0.03 | 59 | Corporate Bonds | STIP vs IGHG | |
| iShares BBB-B CLO Active ETF | -0.14 | — | — | 86 | CLO | STIP vs BCLO | |
| ASML Holding NV ADR Hedged ETF | -0.13 | — | — | 93 | Technology Equities | STIP vs ASMH | |
| Eaton Vance Floating-Rate ETF | -0.13 | -0.00 | -0.00 | 73 | Bank Loan | STIP vs EVLN |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STIP and solid risk/return profiles. The least correlated is Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of -0.12, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | -0.12 | -0.04 | -0.02 | 55 | Financial Services | |
| Citigroup Inc. | -0.11 | 0.01 | 0.05 | 95 | Financial Services | |
| Nebius Group N.V. | -0.11 | — | — | 96 | Communication Services | |
| Vertiv Holdings Co. | -0.10 | -0.06 | 0.04 | 95 | Industrials | |
| Bank of America Corporation | -0.09 | 0.03 | 0.03 | 75 | Financial Services |
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