Looking to diversify beyond SLJY? The ETFs below have the lowest correlation with SLJY — 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 SLJY.
Best Diversifiers for SLJY
410 ETFs have low correlation with SLJY (below 0.3), 20 of which are negatively correlated. The least correlated is MicroSectors U.S. Big Oil Index 3X Leveraged ETN (NRGU) (Leveraged Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | -0.10 | -0.10 | -0.10 | 55 | Leveraged Equities | SLJY vs NRGU | |
| ETRACS Alerian MLP Infrastructure Index ETN Series... | -0.08 | -0.08 | -0.08 | 61 | MLPs | SLJY vs MLPB | |
| TCW AAA CLO ETF | -0.07 | -0.07 | -0.07 | 99 | CLO | SLJY vs ACLO | |
| ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP In... | -0.06 | -0.06 | -0.06 | 62 | Leveraged Equities | SLJY vs MLPR | |
| Direxion Daily Energy Bull 2X Shares | -0.06 | -0.06 | -0.06 | 54 | Leveraged Equities | SLJY vs ERX |
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