Looking to diversify beyond SILJ? The ETFs below have historically moved differently from SILJ, 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 SILJ
510 ETFs have low correlation with SILJ (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.33, down from -0.20 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.33 | -0.20 | — | 61 | Cryptocurrency | SILJ vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SILJ vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 61 | Inverse Equities, Leveraged Equities | SILJ vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.31 | — | — | 75 | Derivative Income | SILJ vs WNTR | |
| Invesco DB Energy Fund | -0.20 | 0.01 | 0.12 | 72 | Oil & Gas | SILJ vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SILJ, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.17, down from 0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.17 | -0.03 | 0.07 | 66 | Consumer Defensive | |
| ConocoPhillips Company | -0.15 | 0.03 | 0.18 | 72 | Energy | |
| Chubb Limited | -0.14 | -0.01 | 0.06 | 89 | Financial Services | |
| Devon Energy Corporation | -0.14 | 0.07 | 0.19 | 76 | Energy | |
| Enterprise Products Partners L.P. | -0.13 | 0.07 | 0.21 | 89 | Energy |
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