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
412 ETFs have low correlation with SIL (below 0.3), 21 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.22, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.22 | -0.22 | -0.28 | 63 | Leveraged Currency | SIL vs YCS | |
| United States Gasoline Fund LP | -0.15 | 0.02 | 0.10 | 55 | Oil & Gas | SIL vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | — | — | 98 | Inflation-Protected Bonds | SIL vs IBIC | |
| TCW AAA CLO ETF | -0.11 | — | — | 99 | CLO | SIL vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.08 | 0.01 | 0.01 | 99 | Ultrashort Bond | SIL vs CSHP |
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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 -0.08, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Exxon Mobil Corporation | -0.08 | 0.07 | 0.19 | 72 | Energy | |
| Enterprise Products Partners L.P. | -0.08 | 0.11 | 0.22 | 85 | Energy | |
| ConocoPhillips Company | -0.06 | 0.07 | 0.18 | 65 | Energy | |
| The Coca-Cola Company | -0.06 | 0.02 | 0.10 | 74 | Consumer Defensive | |
| Energy Transfer LP | -0.06 | 0.13 | 0.21 | 72 | Energy |
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