Looking to balance out your exposure to STZ? The ETFs below have the lowest correlation with STZ — they tend to move on their own, which can help reduce risk when STZ drops. The stock ideas table highlights individual companies that behave independently from STZ.
Best Diversifiers for STZ
9 ETFs have low correlation with STZ (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard Information Technology ETF (VGT) (Technology Equities) with a 1Y correlation of -0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Information Technology ETF | -0.05 | 0.06 | 0.22 | 76 | Technology Equities | STZ vs VGT | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | 0.00 | -0.04 | 100 | Government Bonds, Ultrashort Bond | STZ vs BIL | |
| iShares 0-3 Month Treasury Bond ETF | 0.01 | 0.05 | 0.02 | 100 | Ultrashort Bond | STZ vs SGOV | |
| Direxion Daily South Korea Bull 3X Shares | 0.05 | 0.15 | 0.21 | 97 | Leveraged Equities | STZ vs KORU | |
| State Street SPDR S&P 500 ETF | 0.11 | 0.22 | 0.35 | 70 | S&P 500 | STZ vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from STZ, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to STZ and solid risk/return profiles. The least correlated is Palo Alto Networks, Inc. (PANW) (Technology) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Palo Alto Networks, Inc. | -0.18 | -0.03 | 0.07 | 67 | Technology | |
| Fortinet, Inc. | -0.13 | -0.01 | 0.12 | 66 | Technology | |
| Arista Networks, Inc. | -0.10 | -0.03 | 0.10 | 79 | Technology | |
| NVIDIA Corporation | -0.08 | -0.01 | 0.13 | 78 | Technology | |
| Broadcom Inc. | -0.07 | -0.01 | 0.13 | 84 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements STZ
Add STZ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with STZ