Looking to diversify beyond SHAG? The ETFs below have the lowest correlation with SHAG — 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 SHAG.
Best Diversifiers for SHAG
751 ETFs have low correlation with SHAG (below 0.3), 32 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Managed Futures ETF | -0.33 | — | — | 64 | Systematic Trend | SHAG vs FFUT | |
| First Trust Alternative Absolute Return Strategy E... | -0.27 | -0.11 | -0.08 | 70 | Commodities | SHAG vs FAAR | |
| Bastion Energy ETF | -0.23 | — | — | 75 | Energy Equities | SHAG vs BESF | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | — | — | 50 | Commodities | SHAG vs CERY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.23 | -0.07 | -0.03 | 53 | Commodities | SHAG vs FTGC |
See all 1150 diversifiers for SHAG
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Diversification Analysis
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