Looking to diversify beyond SLV? The ETFs below have the lowest correlation with SLV — 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 SLV.
Best Diversifiers for SLV
865 ETFs have low correlation with SLV (below 0.3), 36 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.40 | -0.43 | 51 | Currency | SLV vs UUP | |
| Proshares Ultrashort Bitcoin ETF | -0.26 | — | — | 52 | Cryptocurrency, Leveraged Cryptocurrency | SLV vs SBIT | |
| ProShares Short Bitcoin ETF | -0.26 | -0.19 | — | 57 | Cryptocurrency | SLV vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 68 | Inverse Equities, Leveraged Equities | SLV vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | SLV vs WNTR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLV, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLV and solid risk/return profiles. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.15, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.15 | -0.06 | 0.00 | 84 | Financial Services | |
| Cheniere Energy, Inc. | -0.13 | 0.02 | 0.08 | 58 | Energy | |
| Waste Management, Inc. | -0.11 | -0.05 | 0.04 | 53 | Industrials | |
| Aflac Incorporated | -0.11 | -0.03 | 0.05 | 82 | Financial Services | |
| The Hartford Financial Services Group, Inc. | -0.10 | -0.05 | 0.04 | 73 | Financial Services |
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