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
141 ETFs have low correlation with SHYL (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, down from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.24 | -0.22 | 61 | Leveraged Currency | SHYL vs YCS | |
| VanEck Commodity Strategy ETF | -0.19 | -0.00 | — | 55 | Commodities | SHYL vs PIT | |
| iShares Enhanced Short-Term Bond Active ETF | -0.19 | — | — | 99 | Ultrashort Bond | SHYL vs CSHP | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.15 | 0.17 | 0.17 | 98 | Inflation-Protected Bonds | SHYL vs IBIC | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.15 | -0.04 | -0.04 | 50 | Commodities | SHYL vs CERY |
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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 -0.11, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.11 | 0.08 | 0.16 | 70 | Consumer Defensive |
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