Looking to balance out your exposure to STZ? The ETFs below have historically moved differently from STZ, 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 STZ
17 ETFs have low correlation with STZ (below 0.3), 5 of which are negatively correlated. The least correlated is State Street Technology Select Sector SPDR ETF (XLK) (Technology Equities) with a 1Y correlation of -0.13, down from 0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Technology Select Sector SPDR ETF | -0.13 | 0.03 | 0.20 | 60 | Technology Equities | STZ vs XLK | |
| Vanguard Information Technology ETF | -0.11 | 0.04 | 0.20 | 57 | Technology Equities | STZ vs VGT | |
| Invesco QQQ ETF | -0.06 | 0.09 | 0.23 | 54 | Nasdaq-100 | STZ vs QQQ | |
| Direxion Daily MSCI South Korea Bull 3X Shares | -0.04 | 0.11 | 0.18 | 81 | South Korea Equities, Leveraged Equities, Asia Pacific Equities | STZ vs KORU | |
| iShares Semiconductor ETF | -0.03 | 0.06 | 0.18 | 89 | Semiconductors, Technology Equities | STZ vs SOXX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for STZ, 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 Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.15, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.15 | -0.04 | 0.07 | 91 | Technology | |
| Broadcom Inc. | -0.11 | -0.03 | 0.11 | 70 | Technology | |
| Micron Technology, Inc. | -0.11 | 0.01 | 0.10 | 99 | Technology | |
| Arista Networks, Inc. | -0.11 | -0.04 | 0.09 | 77 | Technology | |
| Fortinet, Inc. | -0.10 | -0.01 | 0.12 | 83 | Technology |
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