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Looking to balance out your exposure to SHFS? The ETFs below have historically moved differently from SHFS, 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 SHFS

4 ETFs have low correlation with SHFS (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Health Care ETF (VHT) (Health & Biotech Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.08 over 5 years.

How candidates are selected

Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for SHFS, 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 Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.

How candidates are selected

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
Duke Energy Corporation-0.05-0.04-0.00
56
Utilities
Chevron Corporation-0.030.050.07
80
Energy
NVIDIA Corporation-0.020.010.01
56
Technology
Eli Lilly and Company-0.010.03
83
Healthcare
AbbVie Inc.0.020.040.05
81
Healthcare
See all 15 low-correlation stocks for SHFS

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Diversification Analysis

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