Looking to balance out your exposure to STNG? The ETFs below have the lowest correlation with STNG — they tend to move on their own, which can help reduce risk when STNG drops. The stock ideas table highlights individual companies that behave independently from STNG.
Best Diversifiers for STNG
14 ETFs have low correlation with STNG (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI Spain ETF (EWP) (Europe Equities) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Spain ETF | -0.06 | 0.06 | 0.12 | 55 | Europe Equities | STNG vs EWP | |
| State Street SPDR S&P 500 ETF | 0.01 | 0.13 | 0.16 | 70 | S&P 500 | STNG vs SPY | |
| Vanguard S&P 500 ETF | 0.01 | 0.13 | 0.16 | 70 | S&P 500 | STNG vs VOO | |
| Nomura Focused Emerging Markets Equity ETF | 0.07 | 0.13 | 0.13 | 96 | Emerging Markets Diversified | STNG vs EMEQ | |
| VanEck Semiconductor ETF | 0.07 | 0.13 | 0.13 | 96 | Semiconductors, Technology Equities | STNG vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STNG and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.07 | 0.05 | 0.07 | 60 | Consumer Cyclical | |
| Lantheus Holdings, Inc. | -0.05 | 0.04 | 0.15 | 57 | Healthcare | |
| The Coca-Cola Company | -0.00 | -0.01 | -0.02 | 66 | Consumer Defensive | |
| Fox Corporation | -0.00 | 0.09 | 0.16 | 55 | Communication Services | |
| CVS Health Corporation | -0.00 | 0.08 | 0.10 | 80 | Healthcare |
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Build a portfolio that complements STNG
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