Looking to diversify beyond SLON? The ETFs below have the lowest correlation with SLON — 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 SLON.
Best Diversifiers for SLON
331 ETFs have low correlation with SLON (below 0.3), 4 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.04, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.04 | -0.04 | -0.04 | 81 | Energy Equities | SLON vs EINC | |
| DoubleLine Commodity Strategy ETF | -0.01 | -0.01 | -0.01 | 51 | Commodities | SLON vs DCMT | |
| Alerian MLP ETF | -0.01 | -0.01 | -0.01 | 54 | MLPs | SLON vs AMLP | |
| Breakwave Dry Bulk Shipping ETF | -0.00 | -0.00 | -0.00 | 78 | Commodities | SLON vs BDRY | |
| Franklin Liberty Systematic Style Premia ETF | 0.00 | 0.00 | 0.00 | 87 | Long-Short | SLON vs FLSP |
See all 1072 diversifiers for SLON
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