Looking to diversify beyond SDIV? The ETFs below have historically moved differently from SDIV, 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 SDIV
285 ETFs have low correlation with SDIV (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, roughly unchanged from -0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.27 | — | 51 | Cryptocurrency | SDIV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.29 | — | — | 69 | Derivative Income | SDIV vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.22 | -0.19 | 59 | Leveraged Currency | SDIV vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.23 | -0.14 | -0.08 | 51 | Nontraditional Bonds | SDIV vs RISR | |
| Invesco DB Energy Fund | -0.16 | 0.05 | 0.18 | 66 | Oil & Gas | SDIV vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SDIV, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.01, down from 0.23 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.01 | 0.16 | 0.23 | 66 | Consumer Defensive | |
| Chubb Limited | 0.04 | 0.12 | 0.24 | 87 | Financial Services | |
| Occidental Petroleum Corporation | 0.04 | 0.25 | 0.33 | 68 | Energy | |
| Walmart Inc. | 0.04 | 0.09 | 0.16 | 60 | Consumer Defensive | |
| Devon Energy Corporation | 0.05 | 0.29 | 0.38 | 78 | Energy |
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