Looking to diversify beyond SDY? The ETFs below have the lowest correlation with SDY — 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 SDY.
Best Diversifiers for SDY
584 ETFs have low correlation with SDY (below 0.3), 46 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.15 | -0.10 | 61 | Leveraged Currency | SDY vs YCS | |
| United States Gasoline Fund LP | -0.17 | -0.01 | 0.10 | 69 | Oil & Gas | SDY vs UGA | |
| Invesco DB Energy Fund | -0.16 | -0.03 | 0.11 | 71 | Oil & Gas | SDY vs DBE | |
| United States 12 Month Oil Fund LP | -0.15 | -0.01 | 0.11 | 56 | Oil & Gas | SDY vs USL | |
| United States Brent Oil Fund LP | -0.15 | -0.02 | 0.09 | 65 | Oil & Gas | SDY vs BNO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SDY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SDY and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.10, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.10 | 0.01 | 0.22 | 78 | Technology | |
| Credo Technology Group Holding Ltd | -0.10 | 0.05 | 0.17 | 85 | Technology | |
| Oracle Corporation | -0.05 | 0.17 | 0.29 | 58 | Technology | |
| Broadcom Inc. | -0.01 | 0.11 | 0.27 | 84 | Technology | |
| CrowdStrike Holdings, Inc. | -0.01 | 0.10 | 0.17 | 70 | Technology |
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