Looking to diversify beyond SHNY? The ETFs below have the lowest correlation with SHNY — 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 SHNY.
Best Diversifiers for SHNY
1284 ETFs have low correlation with SHNY (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.28 | — | 61 | Leveraged Currency | SHNY vs YCS | |
| TCW AAA CLO ETF | -0.12 | -0.14 | -0.14 | 99 | CLO | SHNY vs ACLO | |
| PIMCO Enhanced Short Maturity Active ETF | -0.09 | -0.03 | — | 100 | Ultrashort Bond | SHNY vs MINT | |
| Roundhill Weekly T-Bill ETF | -0.08 | -0.08 | -0.08 | 99 | Ultrashort Bond | SHNY vs WEEK | |
| Pacific Global Senior Loan ETF | -0.08 | 0.00 | — | 85 | High Yield Bonds | SHNY vs FLRT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHNY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHNY and solid risk/return profiles. The least correlated is Delek US Holdings, Inc. (DK) (Energy) with a 1Y correlation of -0.02, roughly unchanged from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Delek US Holdings, Inc. | -0.02 | 0.01 | — | 89 | Energy | |
| Intel Corporation | 0.02 | 0.07 | — | 98 | Technology | |
| NVIDIA Corporation | 0.07 | 0.04 | — | 78 | Technology | |
| Alphabet Inc. Class A | 0.14 | 0.12 | 0.10 | 96 | Communication Services |
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