Looking to balance out your exposure to SHEL? The ETFs below have the lowest correlation with SHEL — they tend to move on their own, which can help reduce risk when SHEL drops. The stock ideas table highlights individual companies that behave independently from SHEL.
Best Diversifiers for SHEL
229 ETFs have low correlation with SHEL (below 0.3), 18 of which are negatively correlated. The least correlated is Schwab Short-Term U.S. Treasury ETF (SCHO) (Government Bonds) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Schwab Short-Term U.S. Treasury ETF | -0.10 | -0.06 | -0.06 | 76 | Government Bonds, Short-Term Bond | SHEL vs SCHO | |
| Vanguard Short-Term Corporate Bond ETF | -0.10 | 0.02 | 0.01 | 70 | Corporate Bonds | SHEL vs VCSH | |
| Vanguard Short-Term Bond Index Fund ETF Shares | -0.09 | -0.01 | -0.05 | 54 | Short-Term Bond | SHEL vs BSV | |
| Vanguard Short-Term Treasury ETF | -0.09 | -0.04 | -0.06 | 77 | Government Bonds, Short-Term Bond | SHEL vs VGSH | |
| Vanguard Short-Term Tax-Exempt Bond ETF | -0.08 | -0.00 | — | 71 | Municipal Bonds | SHEL vs VTES |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHEL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHEL and solid risk/return profiles. The least correlated is Copa Holdings, S.A. (CPA) (Industrials) with a 1Y correlation of -0.20, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Copa Holdings, S.A. | -0.20 | 0.01 | 0.14 | 78 | Industrials | |
| The TJX Companies, Inc. | -0.17 | -0.01 | 0.10 | 86 | Consumer Cyclical | |
| Monster Beverage Corporation | -0.13 | -0.01 | 0.02 | 85 | Consumer Defensive | |
| Howmet Aerospace Inc. | -0.09 | 0.08 | 0.25 | 85 | Industrials | |
| Citigroup Inc. | -0.08 | 0.17 | 0.31 | 94 | Financial Services |
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