Looking to balance out your exposure to STRT? The ETFs below have the lowest correlation with STRT — they tend to move on their own, which can help reduce risk when STRT drops. The stock ideas table highlights individual companies that behave independently from STRT.
Best Diversifiers for STRT
2 ETFs have low correlation with STRT (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.14, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.06 | -0.04 | 100 | Ultrashort Bond | STRT vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.09 | 0.13 | 0.15 | 63 | Energy Equities | STRT vs XLE |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STRT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STRT and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.00, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.00 | 0.00 | 0.04 | 69 | Consumer Defensive | |
| Duke Energy Corporation | 0.03 | -0.01 | -0.01 | 53 | Utilities | |
| Teekay Tankers Ltd. | 0.04 | 0.07 | 0.09 | 82 | Energy | |
| Millicom International Cellular S.A. | 0.10 | 0.11 | 0.12 | 97 | Communication Services | |
| Fox Corporation | 0.10 | 0.14 | 0.16 | 55 | Communication Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements STRT
Add STRT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STRT