Looking to balance out your exposure to SLVM? The ETFs below have the lowest correlation with SLVM — they tend to move on their own, which can help reduce risk when SLVM drops. The stock ideas table highlights individual companies that behave independently from SLVM.
Best Diversifiers for SLVM
3 ETFs have low correlation with SLVM (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Silver Trust (SLV) (Silver) with a 1Y correlation of 0.13, roughly unchanged from 0.13 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Silver Trust | 0.13 | 0.13 | — | 51 | Silver, Precious Metals | SLVM vs SLV | |
| WisdomTree Efficient Gold Plus Equity Strategy Fun... | 0.19 | 0.25 | — | 52 | Gold | SLVM vs GDE | |
| JPMorgan Nasdaq Equity Premium Income ETF | 0.22 | 0.28 | — | 76 | Nasdaq-100, Derivative Income | SLVM vs JEPQ | |
| State Street SPDR S&P 500 ETF | 0.30 | 0.38 | — | 74 | S&P 500 | SLVM vs SPY |
Diversification Analysis
Build a portfolio that complements SLVM
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