Looking to diversify beyond SHAG? The ETFs below have historically moved differently from SHAG, 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 SHAG
721 ETFs have low correlation with SHAG (below 0.3), 63 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.24 | -0.15 | 72 | Oil & Gas | SHAG vs DBE | |
| Invesco DB Oil Fund | -0.44 | -0.23 | -0.14 | 58 | Oil & Gas | SHAG vs DBO | |
| United States Brent Oil Fund LP | -0.43 | -0.23 | -0.14 | 52 | Oil & Gas | SHAG vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.40 | -0.19 | -0.10 | 67 | Commodities | SHAG vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.39 | -0.20 | -0.11 | 58 | Commodities | SHAG vs COMT |
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