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
935 ETFs have low correlation with SHYM (below 0.3), 42 of which are negatively correlated. The least correlated is Bastion Energy ETF (BESF) (Energy Equities) with a 1Y correlation of -0.25, roughly unchanged from -0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Bastion Energy ETF | -0.25 | -0.25 | -0.25 | 86 | Energy Equities | SHYM vs BESF | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.22 | -0.07 | -0.03 | 52 | Commodities | SHYM vs CMDY | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.22 | -0.07 | -0.04 | 74 | Commodities | SHYM vs FTGC | |
| GraniteShares Bloomberg Commodity Broad Strategy N... | -0.22 | -0.07 | -0.02 | 52 | Commodities | SHYM vs COMB | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.21 | -0.07 | -0.02 | 53 | Commodities | SHYM vs DJP |
See all 1125 diversifiers for SHYM
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