Looking to balance out your exposure to STRNY? The ETFs below have the lowest correlation with STRNY — they tend to move on their own, which can help reduce risk when STRNY drops. The stock ideas table highlights individual companies that behave independently from STRNY.
Best Diversifiers for STRNY
3 ETFs have low correlation with STRNY (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco QQQ ETF (QQQ) (Nasdaq-100) with a 1Y correlation of 0.12, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | 0.12 | 0.09 | 0.09 | 73 | Nasdaq-100 | STRNY vs QQQ | |
| ProShares UltraPro S&P 500 | 0.17 | 0.16 | 0.13 | 62 | Leveraged Equities, S&P 500 | STRNY vs UPRO | |
| iShares MSCI Emerging Markets ETF | 0.26 | 0.22 | 0.16 | 81 | Emerging Markets Diversified | STRNY vs EEM |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STRNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STRNY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.07, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.07 | -0.00 | 0.03 | 78 | Technology | |
| Citigroup Inc. | 0.01 | 0.08 | 0.08 | 91 | Financial Services | |
| Tesla, Inc. | 0.06 | 0.07 | 0.04 | 55 | Consumer Cyclical | |
| Apple Inc | 0.06 | 0.10 | 0.09 | 89 | Technology | |
| Taiwan Semiconductor Manufacturing Company Limited | 0.07 | 0.04 | 0.04 | 95 | Technology |
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