Looking to diversify beyond SHPP? The ETFs below have the lowest correlation with SHPP — 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 SHPP.
Best Diversifiers for SHPP
177 ETFs have low correlation with SHPP (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.06 | — | 71 | Oil & Gas | SHPP vs DBE | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | — | 65 | Oil & Gas | SHPP vs BNO | |
| Invesco DB Oil Fund | -0.28 | -0.04 | 0.07 | 65 | Oil & Gas | SHPP vs DBO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | SHPP vs IBIC | |
| iShares Commodities Select Strategy ETF | -0.22 | 0.03 | — | 71 | Commodities | SHPP vs COMT |
See all 1151 diversifiers for SHPP
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