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
132 ETFs have low correlation with SHPP (below 0.3), 17 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | SHPP vs IBIC | |
| iShares Diversified Commodity Swap UCITS ETF | -0.11 | -0.00 | — | 81 | Commodities | SHPP vs ISCMF | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.10 | — | — | 96 | Inflation-Protected Bonds | SHPP vs IBID | |
| TCW AAA CLO ETF | -0.09 | — | — | 99 | CLO | SHPP vs ACLO | |
| First Trust Alternative Absolute Return Strategy E... | -0.06 | -0.02 | — | 77 | Commodities | SHPP vs FAAR |
See all 1059 diversifiers for SHPP
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Diversification Analysis
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