Looking to diversify beyond SHYD? The ETFs below have the lowest correlation with SHYD — 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 SHYD.
Best Diversifiers for SHYD
792 ETFs have low correlation with SHYD (below 0.3), 43 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.25, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.25 | -0.09 | -0.03 | 57 | Oil & Gas | SHYD vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.06 | -0.01 | 56 | Commodities | SHYD vs GSG | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.20 | -0.06 | -0.00 | 52 | Commodities | SHYD vs COMT | |
| DoubleLine Commodity Strategy ETF | -0.19 | -0.05 | -0.05 | 55 | Commodities | SHYD vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.18 | -0.04 | 0.01 | 59 | Commodities | SHYD vs DBC |
See all 1156 diversifiers for SHYD
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