Looking to balance out your exposure to SHIP? The ETFs below have the lowest correlation with SHIP — they tend to move on their own, which can help reduce risk when SHIP drops. The stock ideas table highlights individual companies that behave independently from SHIP.
Best Diversifiers for SHIP
12 ETFs have low correlation with SHIP (below 0.3), 0 of which are negatively correlated. The least correlated is Fidelity Low Duration Bond Factor ETF (FLDR) (Corporate Bonds) with a 1Y correlation of 0.00, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Low Duration Bond Factor ETF | 0.00 | -0.03 | 0.00 | 98 | Corporate Bonds | SHIP vs FLDR | |
| Roundhill Innovation-100 0DTE Covered Call Strateg... | 0.24 | 0.25 | 0.25 | 78 | Derivative Income, Options Trading | SHIP vs QDTE | |
| Fidelity Small-Mid Multifactor ETF | 0.24 | 0.23 | 0.25 | 53 | Small Cap Growth Equities | SHIP vs FSMD | |
| First Trust Nasdaq Clean Edge Smart GRID Infrastru... | 0.24 | 0.26 | 0.27 | 79 | Alternative Energy Equities | SHIP vs GRID | |
| iShares U.S. Tech Breakthrough Multisector ETF | 0.24 | 0.20 | 0.22 | 51 | Technology Equities | SHIP vs TECB |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHIP and solid risk/return profiles. The least correlated is Eli Lilly and Company (LLY) (Healthcare) with a 1Y correlation of 0.02, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Eli Lilly and Company | 0.02 | 0.11 | 0.07 | 72 | Healthcare | |
| Dell Technologies Inc. | 0.07 | 0.16 | 0.20 | 96 | Technology | |
| Regency Centers Corporation | 0.08 | 0.06 | 0.13 | 61 | Real Estate | |
| Unusual Machines, Inc | 0.08 | — | — | 90 | Technology | |
| Griffon Corporation | 0.09 | 0.14 | 0.18 | 61 | Industrials |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements SHIP
Add SHIP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SHIP