Looking to balance out your exposure to STM? The ETFs below have the lowest correlation with STM — they tend to move on their own, which can help reduce risk when STM drops. The stock ideas table highlights individual companies that behave independently from STM.
Best Diversifiers for STM
8 ETFs have low correlation with STM (below 0.3), 5 of which are negatively correlated. The least correlated is iShares Commodities Select Strategy ETF (COMT) (Commodities) with a 1Y correlation of -0.14, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Commodities Select Strategy ETF | -0.14 | 0.01 | 0.06 | 71 | Commodities | STM vs COMT | |
| United States Commodity Index Fund | -0.04 | 0.07 | 0.12 | 74 | Commodities | STM vs USCI | |
| VanEck Commodity Strategy ETF | -0.04 | 0.05 | — | 87 | Commodities | STM vs PIT | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.00 | 0.11 | 0.13 | 81 | Commodities | STM vs FTGC | |
| Harbor Commodity All-Weather Strategy ETF | -0.00 | 0.06 | — | 78 | Commodities | STM vs HGER |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STM and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.13, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.13 | -0.04 | 0.01 | 53 | Utilities | |
| CF Industries Holdings, Inc. | -0.13 | 0.05 | 0.11 | 60 | Basic Materials | |
| Exxon Mobil Corporation | -0.05 | 0.06 | 0.13 | 85 | Energy | |
| Chevron Corporation | -0.05 | 0.07 | 0.15 | 83 | Energy | |
| EOG Resources, Inc. | 0.00 | 0.09 | 0.15 | 69 | Energy |
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