Looking to balance out your exposure to STLA? The ETFs below have the lowest correlation with STLA — they tend to move on their own, which can help reduce risk when STLA drops. The stock ideas table highlights individual companies that behave independently from STLA.
Best Diversifiers for STLA
1 ETFs have low correlation with STLA (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC) (Commodities) with a 1Y correlation of -0.22, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.22 | 0.01 | 0.11 | 74 | Commodities | STLA vs PDBC | |
| Global X NASDAQ 100 Covered Call ETF | 0.33 | 0.34 | 0.43 | 88 | Nasdaq-100, Derivative Income | STLA vs QYLD | |
| Schwab U.S. Dividend Equity ETF | 0.36 | 0.45 | 0.53 | 80 | Dividend | STLA vs SCHD | |
| Invesco QQQ ETF | 0.37 | 0.39 | 0.46 | 73 | Nasdaq-100 | STLA vs QQQ | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.38 | 0.38 | — | 74 | Nasdaq-100, Derivative Income | STLA vs JEPQ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STLA and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | 0.04 | 0.14 | 69 | Consumer Defensive | |
| Equinor ASA | -0.10 | 0.08 | 0.17 | 82 | Energy | |
| Duke Energy Corporation | -0.07 | 0.01 | 0.07 | 53 | Utilities | |
| Chevron Corporation | -0.05 | 0.11 | 0.22 | 83 | Energy | |
| Plains All American Pipeline, L.P. | -0.04 | 0.17 | 0.30 | 87 | Energy |
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