Looking to diversify beyond SLV? The ETFs below have historically moved differently from SLV, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SLV
863 ETFs have low correlation with SLV (below 0.3), 48 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.28, roughly unchanged from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.28 | -0.19 | — | 51 | Cryptocurrency | SLV vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.25 | — | — | 69 | Derivative Income | SLV vs WNTR | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.21 | -0.12 | -0.15 | 51 | Nontraditional Bonds | SLV vs RISR | |
| ProShares UltraShort Yen | -0.13 | -0.18 | -0.27 | 59 | Leveraged Currency | SLV vs YCS | |
| Invesco DB Energy Fund | -0.13 | 0.06 | 0.13 | 66 | Oil & Gas | SLV vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLV, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is The Allstate Corporation (ALL) (Financial Services) with a 1Y correlation of -0.19, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Allstate Corporation | -0.19 | -0.07 | -0.01 | 83 | Financial Services | |
| Enterprise Products Partners L.P. | -0.13 | 0.03 | 0.14 | 89 | Energy | |
| Aflac Incorporated | -0.13 | -0.05 | 0.02 | 89 | Financial Services | |
| Cheniere Energy, Inc. | -0.13 | 0.01 | 0.07 | 53 | Energy | |
| The Hartford Financial Services Group, Inc. | -0.13 | -0.05 | 0.02 | 72 | Financial Services |
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