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
279 ETFs have low correlation with SLON (below 0.3), 1 of which are negatively correlated. The least correlated is Breakwave Dry Bulk Shipping ETF (BDRY) (Commodities) with a 1Y correlation of -0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.02 | -0.02 | -0.02 | 75 | Commodities | SLON vs BDRY | |
| iShares Core High Dividend ETF | 0.00 | 0.00 | 0.00 | 70 | Dividend, Large Cap Value Equities | SLON vs HDV | |
| Panagram AAA CLO ETF | 0.00 | — | — | 97 | CLO | SLON vs CLOX | |
| First Trust New York High Income Municipal ETF | 0.01 | 0.01 | 0.01 | 70 | Municipal Bonds | SLON vs FMNY | |
| First Trust Morningstar Dividend Leaders Index Fun... | 0.01 | 0.01 | 0.01 | 69 | Large Cap Value Equities, Dividend | SLON vs FDL |
See all 1008 diversifiers for SLON
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SLON
Add SLON to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SLON