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
1394 ETFs have low correlation with STPZ (below 0.3), 224 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 | 72 | Leveraged Currency | STPZ vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.35 | -0.32 | 51 | Currency | STPZ vs UUP | |
| ProShares Investment Grade-Interest Rate Hedged | -0.20 | -0.14 | -0.04 | 58 | Corporate Bonds | STPZ vs IGHG | |
| WisdomTree Japan Hedged Equity Fund | -0.15 | -0.08 | -0.07 | 94 | Japan Equities, Asia Pacific Equities | STPZ vs DXJ | |
| iShares Interest Rate Hedged High Yield Bond ETF | -0.15 | -0.01 | 0.05 | 85 | High Yield Bonds, Corporate Bonds | STPZ vs HYGH |
See all 1550 diversifiers for STPZ
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Diversification Analysis
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