Looking to diversify beyond STPZ? The ETFs below have historically moved differently from STPZ, 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 STPZ
1577 ETFs have low correlation with STPZ (below 0.3), 206 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.41 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.42 | -0.41 | 56 | Leveraged Currency | STPZ vs YCS | |
| ProShares Investment Grade-Interest Rate Hedged | -0.17 | -0.15 | -0.04 | 66 | Corporate Bonds, Investment Grade Bonds | STPZ vs IGHG | |
| iShares BBB-B CLO Active ETF | -0.14 | — | — | 91 | CLO | STPZ vs BCLO | |
| iShares Interest Rate Hedged High Yield Bond ETF | -0.14 | -0.02 | 0.04 | 87 | High Yield Bonds, Corporate Bonds | STPZ vs HYGH | |
| WisdomTree Japan Hedged Equity Fund | -0.13 | -0.09 | -0.07 | 93 | Japan Equities, Asia Pacific Equities | STPZ vs DXJ |
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