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
1392 ETFs have low correlation with STIP (below 0.3), 91 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.28 | -0.35 | -0.32 | 51 | Currency | STIP vs UUP | |
| ProShares UltraShort Yen | -0.26 | -0.41 | -0.40 | 72 | Leveraged Currency | STIP vs YCS | |
| ProShares Investment Grade-Interest Rate Hedged | -0.18 | -0.10 | -0.03 | 58 | Corporate Bonds | STIP vs IGHG | |
| iShares BBB-B CLO Active ETF | -0.14 | — | — | 89 | CLO | STIP vs BCLO | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.11 | -0.07 | -0.07 | 70 | Derivative Income | STIP vs WNTR |
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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 -0.14, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | -0.14 | -0.04 | -0.03 | 53 | Financial Services | |
| JPMorgan Chase & Co. | -0.12 | -0.02 | 0.01 | 69 | Financial Services | |
| Nebius Group N.V. | -0.11 | — | — | 96 | Communication Services | |
| Citigroup Inc. | -0.11 | 0.01 | 0.05 | 92 | Financial Services | |
| Bank of America Corporation | -0.10 | 0.03 | 0.03 | 79 | Financial Services |
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