Looking to balance out your exposure to SLVM? The ETFs below have historically moved differently from SLVM, 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 SLVM
2 ETFs have low correlation with SLVM (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) (Nasdaq-100) with a 1Y correlation of 0.16, down from 0.27 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Nasdaq Equity Premium Income ETF | 0.16 | 0.27 | — | 60 | Nasdaq-100, Derivative Income | SLVM vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.26 | 0.38 | — | 71 | S&P 500 | SLVM vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLVM, 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 DRDGOLD Limited (DRD) (Basic Materials) with a 1Y correlation of 0.08, roughly unchanged from 0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DRDGOLD Limited | 0.08 | 0.11 | — | 66 | Basic Materials | |
| Ryman Hospitality Properties, Inc. | 0.38 | 0.42 | — | 86 | Real Estate |
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