Looking to balance out your exposure to STLA? The ETFs below have historically moved differently from STLA, 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 STLA
2 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 -0.15, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Optimum Yield Diversified Commodity Strate... | -0.15 | -0.01 | 0.10 | 72 | Commodities | STLA vs PDBC | |
| Global X NASDAQ 100 Covered Call ETF | 0.28 | 0.33 | 0.42 | 83 | Nasdaq-100, Derivative Income | STLA vs QYLD | |
| Schwab U.S. Dividend Equity ETF | 0.30 | 0.43 | 0.52 | 95 | Dividend | STLA vs SCHD | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.32 | 0.37 | — | 55 | Nasdaq-100, Derivative Income | STLA vs JEPQ | |
| State Street SPDR Portfolio S&P 500 High Dividend ... | 0.35 | 0.44 | 0.51 | 78 | S&P 500, Dividend | STLA vs SPYD |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STLA, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.20, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.20 | 0.00 | 0.11 | 66 | Consumer Defensive | |
| Consolidated Edison, Inc. | -0.13 | -0.02 | 0.05 | 59 | Utilities | |
| Valero Energy Corporation | -0.12 | 0.08 | 0.18 | 98 | Energy | |
| Equinor ASA | -0.11 | 0.06 | 0.15 | 86 | Energy | |
| Duke Energy Corporation | -0.11 | -0.00 | 0.06 | 56 | Utilities |
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