Looking to balance out your exposure to STN? The ETFs below have the lowest correlation with STN — they tend to move on their own, which can help reduce risk when STN drops. The stock ideas table highlights individual companies that behave independently from STN.
Best Diversifiers for STN
0 ETFs have low correlation with STN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.44, roughly unchanged from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.44 | 0.44 | 0.49 | 74 | Nasdaq-100 | STN vs QQQ | |
| Vanguard S&P 500 ETF | 0.52 | 0.51 | 0.56 | 74 | S&P 500 | STN vs VOO | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.51 | 0.56 | 74 | S&P 500 | STN vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STN and solid risk/return profiles. The least correlated is Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.08 | 0.10 | 0.17 | 66 | Consumer Defensive | |
| W. P. Carey Inc. | -0.03 | 0.08 | 0.19 | 81 | Real Estate | |
| Coca-Cola Consolidated, Inc. | -0.01 | 0.11 | 0.19 | 81 | Consumer Defensive | |
| CareTrust REIT, Inc. | -0.01 | 0.11 | 0.20 | 80 | Real Estate | |
| DT Midstream, Inc. | 0.08 | 0.21 | — | 85 | Energy |
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