Looking to diversify beyond SDIV? The ETFs below have the lowest correlation with SDIV — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SDIV.
Best Diversifiers for SDIV
275 ETFs have low correlation with SDIV (below 0.3), 26 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.26 | -0.30 | 53 | Cryptocurrency | SDIV vs BITI | |
| ProShares UltraShort Yen | -0.33 | -0.22 | -0.18 | 72 | Leveraged Currency | SDIV vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | — | — | 65 | Inverse Equities, Leveraged Equities | SDIV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | SDIV vs WNTR | |
| Invesco DB Energy Fund | -0.16 | 0.06 | 0.18 | 57 | Oil & Gas | SDIV vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDIV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDIV and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | 0.03 | 0.17 | 0.24 | 78 | Consumer Defensive | |
| Walmart Inc. | 0.04 | 0.09 | 0.16 | 69 | Consumer Defensive | |
| CVS Health Corporation | 0.05 | 0.16 | 0.22 | 92 | Healthcare | |
| The Coca-Cola Company | 0.05 | 0.16 | 0.23 | 82 | Consumer Defensive | |
| Sabra Health Care REIT, Inc. | 0.06 | 0.27 | 0.37 | 61 | Real Estate |
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