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
917 ETFs have low correlation with SLV (below 0.3), 23 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.14, up from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.14 | -0.18 | -0.27 | 63 | Leveraged Currency | SLV vs YCS | |
| F/m US Treasury 3 Month Bill ETF | -0.11 | -0.04 | — | 100 | Ultrashort Bond | SLV vs TBIL | |
| United States Gasoline Fund LP | -0.10 | 0.05 | 0.11 | 55 | Oil & Gas | SLV vs UGA | |
| TCW AAA CLO ETF | -0.09 | — | — | 99 | CLO | SLV vs ACLO | |
| BlackRock Floating Rate Loan ETF | -0.09 | -0.01 | — | 50 | Bank Loan | SLV vs BRLN |
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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 -0.14, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.14 | -0.05 | 0.01 | 67 | Financial Services | |
| Aflac Incorporated | -0.11 | -0.02 | 0.06 | 68 | Financial Services | |
| Enterprise Products Partners L.P. | -0.10 | 0.06 | 0.16 | 85 | Energy | |
| Equinor ASA | -0.08 | 0.11 | 0.18 | 66 | Energy | |
| ONEOK, Inc. | -0.05 | 0.09 | 0.16 | 59 | Energy |
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