Looking to diversify beyond SHV? The ETFs below have the lowest correlation with SHV — 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 SHV.
Best Diversifiers for SHV
1634 ETFs have low correlation with SHV (below 0.3), 497 of which are negatively correlated. The least correlated is Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) (Commodities) with a 1Y correlation of -0.19, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.19 | -0.12 | -0.12 | 63 | Commodities | SHV vs USOI | |
| ProShares UltraShort Yen | -0.18 | -0.19 | -0.23 | 63 | Leveraged Currency | SHV vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.17 | — | — | 56 | Derivative Income | SHV vs USOY | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.16 | -0.09 | -0.04 | 74 | Commodities | SHV vs COM | |
| Invesco DB Oil Fund | -0.16 | -0.10 | -0.10 | 65 | Oil & Gas | SHV vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHV and solid risk/return profiles. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of -0.14, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | -0.14 | -0.03 | 0.03 | 93 | Industrials | |
| Baker Hughes Company | -0.13 | -0.04 | -0.03 | 89 | Energy | |
| NVIDIA Corporation | -0.11 | -0.04 | 0.00 | 82 | Technology | |
| JPMorgan Chase & Co. | -0.11 | -0.04 | 0.00 | 60 | Financial Services | |
| Nebius Group N.V. | -0.10 | -0.03 | -0.03 | 97 | Communication Services |
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