Looking to diversify beyond STRN? The ETFs below have historically moved differently from STRN, 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 STRN
0 ETFs have low correlation with STRN (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 100 Equal Weight ETF (EQWL) (Large Cap Blend Equities) with a 1Y correlation of 0.56, roughly unchanged from 0.56 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 100 Equal Weight ETF | 0.56 | 0.56 | 0.56 | 75 | Large Cap Blend Equities, Equal Weight | STRN vs EQWL | |
| Essential 40 Stock ETF | 0.56 | 0.56 | 0.56 | 92 | Large Cap Blend Equities | STRN vs ESN | |
| Invesco RAFI Strategic US ETF | 0.61 | 0.61 | 0.61 | 95 | Large Cap Blend Equities | STRN vs IUS | |
| Fidelity Dividend ETF for Rising Rates | 0.63 | 0.63 | 0.63 | 83 | Large Cap Blend Equities, Dividend | STRN vs FDRR | |
| PIMCO RAFI ESG U.S. ETF | 0.65 | 0.65 | 0.65 | 92 | Large Cap Blend Equities | STRN vs RAFE |
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