Looking to balance out your exposure to STLD? The ETFs below have historically moved differently from STLD, 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 STLD
0 ETFs have low correlation with STLD (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor ETF (SMH) (Semiconductors) with a 1Y correlation of 0.36, roughly unchanged from 0.39 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor ETF | 0.36 | 0.35 | 0.39 | 87 | Semiconductors, Technology Equities | STLD vs SMH | |
| iShares Semiconductor ETF | 0.36 | 0.38 | 0.40 | 90 | Semiconductors, Technology Equities | STLD vs SOXX | |
| State Street SPDR S&P 500 ETF | 0.38 | 0.41 | 0.46 | 67 | S&P 500 | STLD vs SPY | |
| Vanguard S&P 500 ETF | 0.39 | 0.41 | 0.46 | 68 | S&P 500 | STLD vs VOO | |
| Vanguard Total Stock Market ETF | 0.39 | 0.42 | 0.47 | 67 | Large Cap Blend Equities | STLD vs VTI |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STLD, 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 -0.08, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.08 | -0.01 | 0.12 | 66 | Consumer Defensive | |
| Cheniere Energy, Inc. | -0.08 | 0.10 | 0.22 | 57 | Energy | |
| Walmart Inc. | -0.04 | 0.04 | 0.13 | 62 | Consumer Defensive | |
| Datadog, Inc. | -0.03 | 0.09 | 0.17 | 82 | Technology | |
| Pinnacle West Capital Corporation | -0.03 | 0.09 | 0.13 | 73 | Utilities |
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