Looking to diversify beyond SHDG? The ETFs below have historically moved differently from SHDG, 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 SHDG
221 ETFs have low correlation with SHDG (below 0.3), 31 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, down from -0.35 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | — | 61 | Cryptocurrency | SHDG vs BITI | |
| Alpha Architect Tail Risk ETF | -0.37 | -0.05 | — | 56 | Options Trading | SHDG vs CAOS | |
| Invesco DB Energy Fund | -0.21 | -0.07 | — | 72 | Oil & Gas | SHDG vs DBE | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | SHDG vs IBIC | |
| United States Brent Oil Fund LP | -0.19 | -0.06 | — | 52 | Oil & Gas | SHDG vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHDG, 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 0.50, roughly unchanged from 0.57 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.50 | 0.56 | 0.57 | 56 | Technology | |
| Amazon.com, Inc | 0.53 | 0.60 | 0.60 | 60 | Consumer Cyclical |
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