Looking to balance out your exposure to STRL? The ETFs below have the lowest correlation with STRL — they tend to move on their own, which can help reduce risk when STRL drops. The stock ideas table highlights individual companies that behave independently from STRL.
Best Diversifiers for STRL
76 ETFs have low correlation with STRL (below 0.3), 22 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.19, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.19 | -0.12 | -0.15 | 51 | Currency | STRL vs UUP | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.06 | -0.01 | 100 | Ultrashort Bond | STRL vs SGOV | |
| Vanguard Ultra-Short Treasury ETF | -0.12 | -0.13 | -0.13 | 100 | Ultrashort Bond, Government Bonds | STRL vs VGUS | |
| WisdomTree Floating Rate Treasury Fund | -0.10 | -0.05 | -0.02 | 100 | Government Bonds, Ultrashort Bond | STRL vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.06 | -0.00 | 100 | Government Bonds, Ultrashort Bond | STRL vs BIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STRL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STRL and solid risk/return profiles. The least correlated is Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.29, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.29 | -0.15 | -0.04 | 70 | Utilities | |
| Waste Management, Inc. | -0.26 | -0.02 | 0.07 | 53 | Industrials | |
| Colgate-Palmolive Company | -0.23 | -0.12 | -0.01 | 53 | Consumer Defensive | |
| The Coca-Cola Company | -0.23 | -0.11 | 0.02 | 83 | Consumer Defensive | |
| Arch Capital Group Ltd. | -0.22 | -0.01 | 0.15 | 68 | Financial Services |
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