Looking to balance out your exposure to SU? The ETFs below have historically moved differently from SU, 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 SU
30 ETFs have low correlation with SU (below 0.3), 20 of which are negatively correlated. The least correlated is JPMorgan Ultra-Short Income ETF (JPST) (Ultrashort Bond) with a 1Y correlation of -0.19, down from -0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Ultra-Short Income ETF | -0.19 | -0.07 | -0.06 | 99 | Ultrashort Bond | SU vs JPST | |
| JPMorgan BetaBuilders USD High Yield Corporate Bon... | -0.14 | 0.06 | 0.18 | 70 | High Yield Bonds | SU vs BBHY | |
| iShares Broad USD High Yield Corporate Bond ETF | -0.12 | 0.08 | 0.19 | 69 | High Yield Bonds | SU vs USHY | |
| Schwab High Yield Bond ETF | -0.11 | 0.08 | — | 68 | High Yield Bonds | SU vs SCYB | |
| State Street SPDR S&P 500 ETF | -0.11 | 0.10 | 0.26 | 78 | S&P 500 | SU vs SPY |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SU, 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 Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.34, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.34 | -0.06 | 0.08 | 73 | Industrials | |
| Monster Beverage Corporation | -0.19 | -0.07 | 0.02 | 92 | Consumer Defensive | |
| Visa Inc. | -0.16 | 0.01 | 0.15 | 55 | Financial Services | |
| The Bank of Nova Scotia | -0.16 | 0.12 | 0.31 | 97 | Financial Services | |
| IDT Corporation | -0.15 | 0.06 | 0.11 | 55 | Communication Services |
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