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
0 ETFs have low correlation with SHBI (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.34, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.34 | 0.41 | 0.43 | 64 | S&P 500 | SHBI vs VOO |
Diversification Analysis
Build a portfolio that complements SHBI
Add SHBI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SHBI