Looking to diversify beyond SHYM? The ETFs below have the lowest correlation with SHYM — 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 SHYM.
Best Diversifiers for SHYM
997 ETFs have low correlation with SHYM (below 0.3), 39 of which are negatively correlated. The least correlated is iShares iBonds Dec 2025 Term Treasury ETF (IBTF) (Government Bonds) with a 1Y correlation of -0.24, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares iBonds Dec 2025 Term Treasury ETF | -0.24 | 0.18 | 0.32 | 99 | Government Bonds | SHYM vs IBTF | |
| Bastion Energy ETF | -0.23 | -0.23 | -0.23 | 75 | Energy Equities | SHYM vs BESF | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.20 | -0.06 | -0.04 | 53 | Commodities | SHYM vs FTGC | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.08 | -0.10 | 70 | Commodities | SHYM vs FAAR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.18 | 0.20 | 0.20 | 98 | Inflation-Protected Bonds | SHYM vs IBIC |
See all 1141 diversifiers for SHYM
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