Looking to balance out your exposure to SHBI? The ETFs below have the lowest correlation with SHBI — they tend to move on their own, which can help reduce risk when SHBI drops. The stock ideas table highlights individual companies that behave independently from SHBI.
Best Diversifiers for SHBI
1 ETFs have low correlation with SHBI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) (S&P 500) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 500 Growth ETF | 0.27 | 0.29 | 0.33 | 51 | S&P 500, Large Cap Growth Equities | SHBI vs SPYG | |
| Vanguard S&P 500 ETF | 0.41 | 0.42 | 0.44 | 66 | S&P 500 | SHBI vs VOO |
Diversification Analysis
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