Looking to balance out your exposure to SHO? The ETFs below have historically moved differently from SHO, 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 SHO
1 ETFs have low correlation with SHO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard Short-Term Treasury ETF (VGSH) (Government Bonds) with a 1Y correlation of 0.19, up from 0.04 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Short-Term Treasury ETF | 0.19 | 0.07 | 0.04 | 91 | Government Bonds, Short-Term Bond | SHO vs VGSH | |
| Vanguard S&P 500 ETF | 0.36 | 0.47 | 0.54 | 68 | S&P 500 | SHO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.47 | 0.54 | 67 | S&P 500 | SHO vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHO, 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 Two Harbors Investment Corp. (TWO) (Real Estate) with a 1Y correlation of 0.23, down from 0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Two Harbors Investment Corp. | 0.23 | 0.39 | 0.45 | 75 | Real Estate | |
| Rexford Industrial Realty, Inc. | 0.45 | 0.45 | 0.44 | 53 | Real Estate |
Build a portfolio that complements SHO
Add SHO to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SHO