Looking to balance out your exposure to SHECY? The ETFs below have the lowest correlation with SHECY — they tend to move on their own, which can help reduce risk when SHECY drops. The stock ideas table highlights individual companies that behave independently from SHECY.
Best Diversifiers for SHECY
3 ETFs have low correlation with SHECY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) (Inflation-Protected Bonds) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Inflation-Protected Securities... | -0.01 | 0.12 | 0.12 | 89 | Inflation-Protected Bonds | SHECY vs VTIP | |
| Invesco S&P Ultra Dividend Revenue ETF | 0.17 | 0.28 | 0.31 | 86 | Mid Cap Value Equities, Dividend | SHECY vs RDIV | |
| Pacer Global Cash Cows Dividend ETF | 0.26 | 0.33 | 0.39 | 70 | Large Cap Value Equities, Dividend | SHECY vs GCOW | |
| Fidelity High Yield Factor ETF | 0.31 | 0.34 | 0.37 | 80 | High Yield Bonds | SHECY vs FDHY | |
| VanEck Semiconductor ETF | 0.32 | 0.41 | 0.44 | 95 | Semiconductors, Technology Equities | SHECY vs SMH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHECY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHECY and solid risk/return profiles. The least correlated is Amgen Inc. (AMGN) (Healthcare) with a 1Y correlation of 0.22, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amgen Inc. | 0.22 | 0.20 | 0.19 | 74 | Healthcare | |
| Glencore PLC ADR | 0.22 | 0.30 | 0.30 | 92 | Basic Materials | |
| ASML Holding N.V. | 0.24 | 0.35 | 0.39 | 94 | Technology | |
| Ford Motor Company | 0.27 | 0.25 | 0.29 | 75 | Consumer Cyclical | |
| Sumco Corp ADR | 0.30 | 0.33 | 0.34 | 95 | Technology |
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