Looking to diversify beyond SIL? The ETFs below have the lowest correlation with SIL — 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 SIL.
Best Diversifiers for SIL
452 ETFs have low correlation with SIL (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.43 | -0.48 | 51 | Currency | SIL vs UUP | |
| ProShares Short Bitcoin ETF | -0.31 | -0.18 | -0.23 | 57 | Cryptocurrency | SIL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.22 | -0.22 | 52 | Cryptocurrency, Leveraged Cryptocurrency | SIL vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.23 | -0.23 | 68 | Inverse Equities, Leveraged Equities | SIL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.27 | — | — | 70 | Derivative Income | SIL vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SIL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SIL and solid risk/return profiles. The least correlated is Exxon Mobil Corporation (XOM) (Energy) with a 1Y correlation of -0.10, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.10 | 0.05 | 0.18 | 75 | Energy | |
| Altria Group, Inc. | -0.09 | 0.01 | 0.10 | 81 | Consumer Defensive | |
| Enterprise Products Partners L.P. | -0.09 | 0.09 | 0.22 | 87 | Energy | |
| Chubb Limited | -0.09 | -0.02 | 0.07 | 86 | Financial Services | |
| Waste Management, Inc. | -0.08 | 0.03 | 0.11 | 53 | Industrials |
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