Looking to balance out your exposure to STLD? The ETFs below have the lowest correlation with STLD — they tend to move on their own, which can help reduce risk when STLD drops. The stock ideas table highlights individual companies that behave independently from STLD.
Best Diversifiers for STLD
0 ETFs have low correlation with STLD (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.35, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.35 | 0.35 | 0.39 | 60 | S&P 500, Large Cap Growth Equities | STLD vs SPYG | |
| VanEck Semiconductor ETF | 0.42 | 0.38 | 0.40 | 96 | Semiconductors, Technology Equities | STLD vs SMH | |
| Vanguard S&P 500 ETF | 0.42 | 0.43 | 0.47 | 74 | S&P 500 | STLD vs VOO | |
| Vanguard Total Stock Market ETF | 0.44 | 0.45 | 0.49 | 73 | Large Cap Blend Equities | STLD vs VTI | |
| iShares Semiconductor ETF | 0.44 | 0.41 | 0.42 | 96 | Semiconductors, Technology Equities | STLD vs SOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STLD and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.03 | 0.14 | 66 | Consumer Defensive | |
| RenaissanceRe Holdings Ltd. | -0.03 | 0.07 | 0.16 | 60 | Financial Services | |
| The Williams Companies, Inc. | -0.03 | 0.19 | 0.29 | 71 | Energy | |
| CF Industries Holdings, Inc. | -0.03 | 0.15 | 0.27 | 63 | Basic Materials | |
| AppLovin Corporation | -0.02 | 0.15 | 0.19 | 57 | Technology |
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Build a portfolio that complements STLD
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