Looking to diversify beyond SHOC? The ETFs below have the lowest correlation with SHOC — 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 SHOC.
Best Diversifiers for SHOC
390 ETFs have low correlation with SHOC (below 0.3), 81 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 | -0.34 | — | — | 60 | Inverse Equities, Leveraged Equities | SHOC vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.31 | — | — | 65 | Derivative Income | SHOC vs WNTR | |
| Texas Capital Government Money Market ETF | -0.19 | -0.05 | -0.05 | 100 | Money Market | SHOC vs MMKT | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 96 | Inflation-Protected Bonds | SHOC vs IBID | |
| First Trust Morningstar Dividend Leaders Index Fun... | -0.19 | 0.07 | 0.19 | 70 | Large Cap Value Equities, Dividend | SHOC vs FDL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHOC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHOC and solid risk/return profiles. The least correlated is UnitedHealth Group Incorporated (UNH) (Healthcare) with a 1Y correlation of 0.12, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| UnitedHealth Group Incorporated | 0.12 | -0.00 | 0.03 | 76 | Healthcare | |
| Applied Digital Corporation | 0.46 | 0.41 | 0.38 | 91 | Technology | |
| NVIDIA Corporation | 0.65 | 0.75 | 0.77 | 69 | Technology |
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