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
481 ETFs have low correlation with SHLD (below 0.3), 31 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Roundhill Weekly T-Bill ETF | -0.16 | — | — | 99 | Ultrashort Bond | SHLD vs WEEK | |
| ProShares UltraShort Yen | -0.13 | — | — | 61 | Leveraged Currency | SHLD vs YCS | |
| iShares 0-3 Month Treasury Bond ETF | -0.10 | — | — | 100 | Ultrashort Bond | SHLD vs SGOV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.10 | — | — | 99 | Ultrashort Bond | SHLD vs CSHP | |
| SGI Enhanced Core ETF | -0.09 | — | — | 95 | Intermediate Core Bond | SHLD vs USDX |
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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 -0.20, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Verizon Communications Inc. | -0.20 | 0.01 | 0.01 | 63 | Communication Services | |
| The Coca-Cola Company | -0.16 | 0.01 | 0.01 | 74 | Consumer Defensive | |
| PepsiCo, Inc. | -0.12 | 0.03 | 0.03 | 59 | Consumer Defensive | |
| Altria Group, Inc. | -0.11 | 0.05 | 0.05 | 70 | Consumer Defensive | |
| Coca-Cola Consolidated, Inc. | -0.05 | — | — | 84 | Consumer Defensive |
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Build a portfolio that complements SHLD
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