Looking to balance out your exposure to STX? The ETFs below have the lowest correlation with STX — they tend to move on their own, which can help reduce risk when STX drops. The stock ideas table highlights individual companies that behave independently from STX.
Best Diversifiers for STX
68 ETFs have low correlation with STX (below 0.3), 5 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.11, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.04 | -0.01 | 100 | Ultrashort Bond | STX vs SGOV | |
| Global X MLP & Energy Infrastructure ETF | -0.11 | 0.11 | 0.25 | 55 | MLPs | STX vs MLPX | |
| iShares Core High Dividend ETF | -0.10 | 0.10 | 0.29 | 70 | Dividend, Large Cap Value Equities | STX vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.10 | 0.13 | 0.30 | 69 | Large Cap Value Equities, Dividend | STX vs FDL | |
| Alpha Architect 1-3 Month Box ETF | -0.04 | -0.04 | — | 100 | Ultrashort Bond | STX vs BOXX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STX and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.22, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.22 | -0.08 | -0.00 | 62 | Utilities | |
| Chubb Limited | -0.21 | -0.04 | 0.11 | 69 | Financial Services | |
| The Allstate Corporation | -0.21 | -0.02 | 0.13 | 67 | Financial Services | |
| The Southern Company | -0.20 | -0.06 | 0.02 | 55 | Utilities | |
| Cboe Global Markets, Inc. | -0.20 | -0.13 | 0.02 | 55 | Financial Services |
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