Looking to diversify beyond SHRY? The ETFs below have the lowest correlation with SHRY — 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 SHRY.
Best Diversifiers for SHRY
400 ETFs have low correlation with SHRY (below 0.3), 9 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.24, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.24 | -0.27 | -0.32 | 57 | Cryptocurrency | SHRY vs BITI | |
| Invesco DB Energy Fund | -0.07 | 0.00 | 0.15 | 53 | Oil & Gas | SHRY vs DBE | |
| iShares Enhanced Short-Term Bond Active ETF | -0.06 | — | — | 99 | Ultrashort Bond | SHRY vs CSHP | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.06 | 0.08 | 0.09 | 90 | Municipal Bonds | SHRY vs IBMO | |
| WisdomTree Interest Rate Hedged U.S. Aggregate Bon... | -0.04 | 0.05 | 0.11 | 87 | Nontraditional Bonds | SHRY vs AGZD |
See all 1148 diversifiers for SHRY
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Diversification Analysis
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