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
59 ETFs have low correlation with STRL (below 0.3), 12 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.19, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.19 | -0.06 | 0.05 | 66 | Oil & Gas | STRL vs USO | |
| ProShares Ultra Bloomberg Crude Oil | -0.13 | -0.03 | 0.07 | 54 | Leveraged Commodities | STRL vs UCO | |
| iShares 0-3 Month Treasury Bond ETF | -0.12 | -0.04 | 0.00 | 100 | Ultrashort Bond | STRL vs SGOV | |
| iShares 0-5 Year TIPS Bond ETF | -0.07 | -0.03 | 0.02 | 93 | Inflation-Protected Bonds | STRL vs STIP | |
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.06 | — | — | 58 | Leveraged Equities | STRL vs NRGU |
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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 Murphy USA Inc. (MUSA) (Consumer Cyclical) with a 1Y correlation of -0.16, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murphy USA Inc. | -0.16 | 0.06 | 0.16 | 62 | Consumer Cyclical | |
| Cboe Global Markets, Inc. | -0.15 | -0.13 | 0.04 | 68 | Financial Services | |
| The Coca-Cola Company | -0.15 | -0.08 | 0.05 | 66 | Consumer Defensive | |
| Chubb Limited | -0.14 | -0.00 | 0.15 | 51 | Financial Services | |
| Verizon Communications Inc. | -0.14 | -0.09 | 0.02 | 59 | Communication Services |
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