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
1417 ETFs have low correlation with SHV (below 0.3), 272 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.17, roughly unchanged from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.17 | -0.19 | -0.23 | 63 | Leveraged Currency | SHV vs YCS | |
| Direxion Auspice Broad Commodity Strategy ETF | -0.16 | -0.09 | -0.04 | 54 | Commodities | SHV vs COM | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.15 | -0.08 | — | 50 | Commodities | SHV vs CMDT | |
| VanEck Commodity Strategy ETF | -0.13 | -0.09 | — | 57 | Commodities | SHV vs PIT | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.12 | -0.07 | -0.07 | 53 | Commodities | SHV vs CERY |
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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 Baker Hughes Company (BKR) (Energy) with a 1Y correlation of -0.13, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Baker Hughes Company | -0.13 | -0.04 | -0.04 | 84 | Energy | |
| Argan, Inc. | -0.13 | -0.03 | 0.03 | 96 | Industrials | |
| Nebius Group N.V. | -0.13 | — | — | 96 | Communication Services | |
| AST SpaceMobile, Inc. | -0.09 | -0.02 | -0.01 | 60 | Technology | |
| NVIDIA Corporation | -0.09 | -0.03 | 0.01 | 72 | Technology |
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Build a portfolio that complements SHV
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