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
1 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 -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.16 | -0.07 | -0.03 | 100 | Ultrashort Bond | STRT vs SGOV | |
| iShares Global Infrastructure ETF | 0.36 | 0.21 | 0.18 | 56 | Industrials Equities | STRT vs IGF |
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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.01 | -0.02 | -0.02 | 64 | Utilities | |
| Altria Group, Inc. | -0.01 | 0.00 | 0.04 | 74 | Consumer Defensive | |
| Verizon Communications Inc. | 0.02 | -0.01 | 0.01 | 62 | Communication Services | |
| Teekay Tankers Ltd. | 0.04 | 0.07 | 0.08 | 89 | Energy | |
| Millicom International Cellular S.A. | 0.11 | 0.11 | 0.12 | 98 | Communication Services |
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