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
89 ETFs have low correlation with STX (below 0.3), 15 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.18, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.18 | -0.04 | 0.05 | 66 | Oil & Gas | STX vs USO | |
| iShares 0-3 Month Treasury Bond ETF | -0.11 | -0.03 | 0.00 | 100 | Ultrashort Bond | STX vs SGOV | |
| State Street Energy Select Sector SPDR ETF | -0.11 | 0.05 | 0.19 | 63 | Energy Equities | STX vs XLE | |
| ProShares Ultra Bloomberg Crude Oil | -0.10 | 0.01 | 0.08 | 54 | Leveraged Commodities | STX vs UCO | |
| Vanguard Energy ETF | -0.09 | 0.07 | 0.20 | 64 | Energy Equities | STX vs VDE |
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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 | -0.07 | 0.00 | 53 | Utilities | |
| Chubb Limited | -0.20 | -0.03 | 0.13 | 51 | Financial Services | |
| Cboe Global Markets, Inc. | -0.19 | -0.11 | 0.03 | 68 | Financial Services | |
| Exxon Mobil Corporation | -0.15 | 0.00 | 0.13 | 85 | Energy | |
| EOG Resources, Inc. | -0.15 | -0.01 | 0.13 | 69 | Energy |
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