Looking to diversify beyond SH? The ETFs below have historically moved differently from SH, 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 SH
1720 ETFs have low correlation with SH (below 0.3), 1642 of which are negatively correlated. The least correlated is ProShares Ultra S&P500 (SSO) (Leveraged Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra S&P500 | -1.00 | -1.00 | -1.00 | 54 | Leveraged Equities, S&P 500 | SH vs SSO | |
| ProShares UltraPro S&P 500 | -1.00 | -1.00 | -1.00 | 50 | Leveraged Equities, S&P 500 | SH vs UPRO | |
| Direxion Daily S&P 500 Bull 3X ETF | -1.00 | -1.00 | -1.00 | 51 | Leveraged Equities, S&P 500 | SH vs SPXL | |
| State Street SPDR Portfolio S&P 500 ETF | -1.00 | -1.00 | -1.00 | 68 | S&P 500 | SH vs SPYM | |
| State Street SPDR S&P 500 ETF | -1.00 | -1.00 | -1.00 | 67 | S&P 500 | SH vs SPY |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SH, 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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.63, roughly unchanged from -0.70 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.63 | -0.64 | -0.70 | 56 | Technology | |
| Broadcom Inc. | -0.61 | -0.64 | -0.69 | 67 | Technology | |
| Alphabet Inc. Class A | -0.59 | -0.59 | -0.68 | 95 | Communication Services | |
| Freeport-McMoRan Inc. | -0.59 | -0.50 | -0.53 | 78 | Basic Materials | |
| Caterpillar Inc. | -0.57 | -0.61 | -0.59 | 92 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SH
Add SH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SH