Looking to diversify beyond SHLD? The ETFs below have the lowest correlation with SHLD — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SHLD.
Best Diversifiers for SHLD
526 ETFs have low correlation with SHLD (below 0.3), 36 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.41 | — | — | 68 | Inverse Equities, Leveraged Equities | SHLD vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.40 | -0.30 | -0.30 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SHLD vs SBIT | |
| ProShares Short Bitcoin ETF | -0.40 | -0.28 | -0.28 | 57 | Cryptocurrency | SHLD vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.39 | — | — | 70 | Derivative Income | SHLD vs WNTR | |
| Direxion Daily MU Bull 2X Shares | -0.25 | -0.25 | -0.25 | 99 | Leveraged Equities, Semiconductors | SHLD vs MUU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHLD, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHLD and solid risk/return profiles. The least correlated is Verizon Communications Inc. (VZ) (Communication Services) with a 1Y correlation of -0.16, down from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.16 | -0.01 | -0.01 | 57 | Communication Services | |
| The Coca-Cola Company | -0.15 | — | — | 83 | Consumer Defensive | |
| Altria Group, Inc. | -0.12 | 0.04 | 0.04 | 81 | Consumer Defensive | |
| PepsiCo, Inc. | -0.08 | 0.01 | 0.01 | 53 | Consumer Defensive | |
| Fortis Inc | -0.08 | 0.15 | 0.15 | 90 | Utilities |
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