Looking to balance out your exposure to SU? The ETFs below have the lowest correlation with SU — they tend to move on their own, which can help reduce risk when SU drops. The stock ideas table highlights individual companies that behave independently from SU.
Best Diversifiers for SU
28 ETFs have low correlation with SU (below 0.3), 16 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.20 | -0.06 | -0.06 | 99 | Ultrashort Bond | SU vs JPST | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | -0.11 | 0.09 | 0.19 | 68 | High Yield Bonds | SU vs BBHY | |
| Invesco QQQ ETF | -0.11 | 0.05 | 0.17 | 58 | Nasdaq-100 | SU vs QQQ | |
| Schwab High Yield Bond ETF | -0.09 | 0.09 | — | 64 | High Yield Bonds | SU vs SCYB | |
| State Street SPDR S&P 500 ETF | -0.09 | 0.12 | 0.27 | 66 | S&P 500 | SU vs SPY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SU and solid risk/return profiles. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.30, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.30 | -0.04 | 0.11 | 72 | Industrials | |
| Monster Beverage Corporation | -0.16 | -0.06 | 0.02 | 93 | Consumer Defensive | |
| The Bank of Nova Scotia | -0.15 | 0.13 | 0.33 | 97 | Financial Services | |
| Amazon.com, Inc | -0.12 | 0.01 | 0.11 | 54 | Consumer Cyclical | |
| HEICO Corporation | -0.11 | 0.04 | 0.20 | 54 | Industrials |
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