Looking to diversify beyond SHV? The ETFs below have historically moved differently from SHV, 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 SHV
1717 ETFs have low correlation with SHV (below 0.3), 310 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, roughly unchanged from -0.24 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.20 | -0.24 | 59 | Leveraged Currency | SHV vs YCS | |
| Invesco DB Oil Fund | -0.17 | -0.10 | -0.09 | 51 | Oil & Gas | SHV vs DBO | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.16 | -0.10 | -0.06 | 84 | Commodities | SHV vs SDCI | |
| Invesco DB Energy Fund | -0.16 | -0.11 | -0.11 | 66 | Oil & Gas | SHV vs DBE | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.16 | -0.10 | -0.08 | 70 | Commodities | SHV vs PDBC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Argan, Inc. (AGX) (Industrials) with a 1Y correlation of -0.14, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Argan, Inc. | -0.14 | -0.03 | 0.02 | 92 | Industrials | |
| Baker Hughes Company | -0.14 | -0.04 | -0.04 | 78 | Energy | |
| Quanta Services, Inc. | -0.13 | -0.02 | -0.03 | 87 | Industrials | |
| Nebius Group N.V. | -0.12 | — | — | 94 | Communication Services | |
| Exxon Mobil Corporation | -0.11 | -0.09 | -0.09 | 85 | Energy |
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