Looking to diversify beyond SHYL? The ETFs below have the lowest correlation with SHYL — 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 SHYL.
Best Diversifiers for SHYL
166 ETFs have low correlation with SHYL (below 0.3), 57 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.39 | -0.38 | -0.38 | 60 | Inverse Equities, Leveraged Equities | SHYL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.38 | -0.42 | -0.42 | 65 | Derivative Income | SHYL vs WNTR | |
| ProShares UltraShort Yen | -0.31 | -0.24 | -0.22 | 75 | Leveraged Currency | SHYL vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.08 | 0.05 | 72 | Oil & Gas | SHYL vs UGA | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.24 | -0.01 | 0.11 | 51 | Commodities | SHYL vs PDBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SHYL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SHYL and solid risk/return profiles. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.14, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.14 | 0.07 | 0.15 | 79 | Consumer Defensive |
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