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
282 ETFs have low correlation with SLON (below 0.3), 5 of which are negatively correlated. The least correlated is Alerian Energy Infrastructure ETF (ENFR) (Energy Equities) with a 1Y correlation of -0.03, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alerian Energy Infrastructure ETF | -0.03 | -0.03 | -0.03 | 57 | Energy Equities | SLON vs ENFR | |
| VanEck Energy Income ETF | -0.02 | -0.02 | -0.02 | 64 | Energy Equities | SLON vs EINC | |
| Breakwave Dry Bulk Shipping ETF | -0.02 | -0.02 | -0.02 | 75 | Commodities | SLON vs BDRY | |
| Alpha Architect 1-3 Month Box ETF | -0.00 | -0.00 | -0.00 | 100 | Ultrashort Bond | SLON vs BOXX | |
| Alpha Architect High Inflation And Deflation ETF | -0.00 | -0.00 | — | 61 | Diversified Portfolio | SLON vs HIDE |
See all 1012 diversifiers for SLON
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