Looking to balance out your exposure to SHEL? The ETFs below have historically moved differently from SHEL, 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 SHEL
286 ETFs have low correlation with SHEL (below 0.3), 29 of which are negatively correlated. The least correlated is Vanguard Short-Term Corporate Bond ETF (VCSH) (Corporate Bonds) with a 1Y correlation of -0.17, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Corporate Bond ETF | -0.17 | -0.02 | 0.01 | 72 | Corporate Bonds | SHEL vs VCSH | |
| PIMCO Multisector Bond Active Exchange-Traded Fund | -0.15 | 0.01 | — | 61 | Multisector Bonds | SHEL vs PYLD | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.15 | -0.04 | -0.05 | 56 | Short-Term Bond | SHEL vs BSV | |
| Vanguard Short-Term Treasury ETF | -0.14 | -0.06 | -0.06 | 87 | Government Bonds, Short-Term Bond | SHEL vs VGSH | |
| Vanguard Ultra-Short Bond ETF | -0.14 | -0.02 | 0.01 | 99 | Ultrashort Bond | SHEL vs VUSB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHEL, 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 Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.24, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.24 | -0.01 | 0.11 | 73 | Industrials | |
| The TJX Companies, Inc. | -0.20 | -0.02 | 0.08 | 81 | Consumer Cyclical | |
| Monster Beverage Corporation | -0.13 | -0.03 | 0.02 | 92 | Consumer Defensive | |
| Kohl's Corporation | -0.11 | 0.04 | 0.14 | 79 | Consumer Cyclical | |
| Global Payments Inc. | -0.10 | 0.07 | 0.19 | 53 | Industrials |
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