Looking to diversify beyond SHYM? The ETFs below have historically moved differently from SHYM, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SHYM
953 ETFs have low correlation with SHYM (below 0.3), 59 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.35, down from -0.09 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.35 | -0.16 | -0.09 | 72 | Oil & Gas | SHYM vs DBE | |
| Invesco DB Oil Fund | -0.35 | -0.16 | -0.10 | 58 | Oil & Gas | SHYM vs DBO | |
| United States Brent Oil Fund LP | -0.35 | -0.15 | -0.09 | 52 | Oil & Gas | SHYM vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.14 | -0.07 | 67 | Commodities | SHYM vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.32 | — | — | 63 | Commodities | SHYM vs DCMT |
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