Looking to balance out your exposure to STRT? The ETFs below have historically moved differently from STRT, 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 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, down from -0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.08 | -0.04 | 100 | Ultrashort Bond | STRT vs SGOV | |
| State Street Energy Select Sector SPDR ETF | 0.05 | 0.11 | 0.13 | 69 | Energy Equities | STRT vs XLE | |
| iShares Global Infrastructure ETF | 0.31 | 0.19 | 0.17 | 51 | Infrastructure Equities, Industrials Equities | STRT vs IGF |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STRT, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.00, roughly unchanged from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.00 | -0.01 | 0.02 | 64 | Consumer Defensive | |
| Verizon Communications Inc. | 0.02 | -0.01 | 0.01 | 63 | Communication Services | |
| VeriSign, Inc. | 0.02 | 0.07 | 0.07 | 55 | Technology | |
| Teekay Tankers Ltd. | 0.03 | 0.06 | 0.08 | 88 | Energy | |
| Millicom International Cellular S.A. | 0.06 | 0.08 | 0.11 | 98 | Communication Services |
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