Looking to diversify beyond STIP? The ETFs below have historically moved differently from STIP, 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 STIP
1566 ETFs have low correlation with STIP (below 0.3), 99 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, up from -0.40 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.41 | -0.40 | 56 | Leveraged Currency | STIP vs YCS | |
| iShares BBB-B CLO Active ETF | -0.15 | — | — | 91 | CLO | STIP vs BCLO | |
| WisdomTree Interest Rate Hedged High Yield Bond Fu... | -0.13 | -0.05 | 0.01 | 92 | High Yield Bonds | STIP vs HYZD | |
| ProShares Investment Grade-Interest Rate Hedged | -0.13 | -0.10 | -0.03 | 66 | Corporate Bonds, Investment Grade Bonds | STIP vs IGHG | |
| MicroSectors U.S. Big Banks Index 3X Leveraged ETN... | -0.10 | — | — | 55 | Leveraged Equities | STIP vs BNKU |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STIP, 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 Wells Fargo & Company (WFC) (Financial Services) with a 1Y correlation of -0.15, down from -0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Wells Fargo & Company | -0.15 | -0.06 | -0.03 | 54 | Financial Services | |
| JPMorgan Chase & Co. | -0.12 | -0.04 | 0.00 | 71 | Financial Services | |
| Nu Holdings Ltd. | -0.12 | 0.01 | — | 57 | Financial Services | |
| The Charles Schwab Corporation | -0.12 | -0.00 | -0.01 | 54 | Financial Services | |
| Bank of America Corporation | -0.11 | 0.01 | 0.03 | 81 | Financial Services |
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