Looking to diversify beyond SKYU? The ETFs below have the lowest correlation with SKYU — 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 SKYU.
Best Diversifiers for SKYU
427 ETFs have low correlation with SKYU (below 0.3), 39 of which are negatively correlated. The least correlated is iShares Core High Dividend ETF (HDV) (Dividend) with a 1Y correlation of -0.16, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core High Dividend ETF | -0.16 | 0.09 | 0.24 | 64 | Dividend, Large Cap Value Equities | SKYU vs HDV | |
| iShares Enhanced Short-Term Bond Active ETF | -0.13 | — | — | 99 | Ultrashort Bond | SKYU vs CSHP | |
| Breakwave Tanker Shipping ETF | -0.10 | -0.02 | — | 98 | Commodities | SKYU vs BWET | |
| Brookstone Ultra-Short Bond ETF | -0.09 | — | — | 98 | Ultrashort Bond | SKYU vs BAMU | |
| Tortoise North American Pipeline Fund | -0.09 | 0.18 | 0.26 | 55 | Energy Equities | SKYU vs TPYP |
See all 1565 diversifiers for SKYU
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