Looking to diversify beyond SHRY? The ETFs below have historically moved differently from SHRY, 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 SHRY
467 ETFs have low correlation with SHRY (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.21, roughly unchanged from -0.26 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.21 | -0.26 | — | 61 | Cryptocurrency | SHRY vs BITI | |
| Alpha Architect Tail Risk ETF | -0.20 | -0.04 | — | 56 | Options Trading | SHRY vs CAOS | |
| United States Brent Oil Fund LP | -0.10 | -0.01 | 0.11 | 52 | Oil & Gas | SHRY vs BNO | |
| Invesco DB Energy Fund | -0.09 | -0.01 | 0.14 | 72 | Oil & Gas | SHRY vs DBE | |
| Invesco DB Oil Fund | -0.08 | -0.00 | 0.13 | 58 | Oil & Gas | SHRY vs DBO |
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