Looking to balance out your exposure to SHEN? The ETFs below have the lowest correlation with SHEN — they tend to move on their own, which can help reduce risk when SHEN drops. The stock ideas table highlights individual companies that behave independently from SHEN.
Best Diversifiers for SHEN
1 ETFs have low correlation with SHEN (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.23, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.23 | 0.23 | 0.29 | 66 | S&P 500 | SHEN vs SPY |
Diversification Analysis
Build a portfolio that complements SHEN
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Analyze a portfolio with SHEN