Looking to diversify beyond SHDG? The ETFs below have the lowest correlation with SHDG — 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 SHDG.
Best Diversifiers for SHDG
158 ETFs have low correlation with SHDG (below 0.3), 20 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | SHDG vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.11 | — | — | 95 | Inflation-Protected Bonds | SHDG vs IBID | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 98 | Ultrashort Bond | SHDG vs BAMU | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | SHDG vs CSHP | |
| Global X 1-3 Month T-Bill ETF | -0.07 | -0.01 | -0.01 | 100 | Ultrashort Bond | SHDG vs CLIP |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHDG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHDG and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.51, down from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.51 | 0.61 | 0.63 | 76 | Technology | |
| Amazon.com, Inc | 0.56 | 0.63 | 0.63 | 52 | Consumer Cyclical |
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