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
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.
| 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 | — | 65 | S&P 500 | SLVM vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SLVM, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SLVM and solid risk/return profiles. The least correlated is DRDGOLD Limited (DRD) (Basic Materials) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DRDGOLD Limited | 0.07 | 0.11 | — | 67 | Basic Materials | |
| Ryman Hospitality Properties, Inc. | 0.44 | 0.43 | — | 77 | Real Estate |
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