Looking to diversify beyond STPZ? The ETFs below have the lowest correlation with STPZ — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from STPZ.
Best Diversifiers for STPZ
1441 ETFs have low correlation with STPZ (below 0.3), 839 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 -0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.41 | -0.40 | 61 | Leveraged Currency | STPZ vs YCS | |
| ProShares Investment Grade-Interest Rate Hedged | -0.23 | -0.14 | -0.04 | 56 | Corporate Bonds | STPZ vs IGHG | |
| ASML Holding NV ADR Hedged ETF | -0.20 | -0.21 | -0.21 | 88 | Technology Equities | STPZ vs ASMH | |
| WisdomTree Japan Hedged Equity Fund | -0.19 | -0.09 | -0.07 | 88 | Japan Equities | STPZ vs DXJ | |
| iShares Interest Rate Hedged High Yield Bond ETF | -0.18 | -0.01 | 0.04 | 73 | High Yield Bonds | STPZ vs HYGH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STPZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STPZ and solid risk/return profiles. The least correlated is Spire Global, Inc. (SPIR) (Industrials) with a 1Y correlation of -0.04, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Spire Global, Inc. | -0.04 | 0.05 | 0.05 | 68 | Industrials |
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