Looking to balance out your exposure to STX? The ETFs below have historically moved differently from STX, 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 STX
92 ETFs have low correlation with STX (below 0.3), 27 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.21, down from 0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.21 | 0.05 | 0.26 | 87 | Dividend, Large Cap Value Equities | STX vs HDV | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.21 | 0.08 | 0.27 | 89 | Large Cap Value Equities, Dividend | STX vs FDL | |
| Alerian MLP ETF | -0.14 | 0.10 | 0.23 | 55 | MLPs | STX vs AMLP | |
| Invesco High Yield Equity Dividend Achievers™ ETF | -0.13 | 0.13 | 0.27 | 69 | Mid Cap Value Equities, Dividend | STX vs PEY | |
| Global X MLP & Energy Infrastructure ETF | -0.13 | 0.10 | 0.24 | 57 | Infrastructure Equities, MLPs | STX vs MLPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STX, 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 Chubb Limited (CB) (Financial Services) with a 1Y correlation of -0.32, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Chubb Limited | -0.32 | -0.10 | 0.08 | 87 | Financial Services | |
| Colgate-Palmolive Company | -0.26 | -0.10 | 0.00 | 61 | Consumer Defensive | |
| The Coca-Cola Company | -0.26 | -0.09 | 0.05 | 86 | Consumer Defensive | |
| The Travelers Companies, Inc. | -0.24 | -0.04 | 0.10 | 94 | Financial Services | |
| Verizon Communications Inc. | -0.24 | -0.07 | 0.04 | 63 | Communication Services |
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