Looking to balance out your exposure to SVM? The ETFs below have historically moved differently from SVM, 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 SVM
6 ETFs have low correlation with SVM (below 0.3), 2 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of -0.04, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | -0.04 | 0.10 | 0.21 | 75 | Energy Equities | SVM vs XLE | |
| WisdomTree Floating Rate Treasury Fund | -0.00 | 0.02 | 0.03 | 100 | Government Bonds, Ultrashort Bond | SVM vs USFR | |
| Goldman Sachs Ultra Short Bond ETF | 0.05 | 0.02 | 0.03 | 99 | Ultrashort Bond | SVM vs GSST | |
| iShares 0-5 Year TIPS Bond ETF | 0.09 | 0.12 | 0.21 | 89 | Inflation-Protected Bonds | SVM vs STIP | |
| First Trust Alternative Absolute Return Strategy E... | 0.16 | 0.18 | 0.17 | 60 | Commodities | SVM vs FAAR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SVM, 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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.20, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.20 | 0.05 | 0.16 | 93 | Energy | |
| Enterprise Products Partners L.P. | -0.08 | 0.08 | 0.19 | 89 | Energy | |
| SM Energy Company | -0.07 | 0.08 | 0.16 | 59 | Energy | |
| Occidental Petroleum Corporation | -0.04 | 0.09 | 0.18 | 68 | Energy | |
| Energy Transfer LP | -0.03 | 0.10 | 0.19 | 82 | Energy |
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