Looking to diversify beyond SLVO? The ETFs below have historically moved differently from SLVO, 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 SLVO
635 ETFs have low correlation with SLVO (below 0.3), 65 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | — | — | 61 | Cryptocurrency | SLVO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.31 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | SLVO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 61 | Inverse Equities, Leveraged Equities | SLVO vs MSTZ | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.30 | — | — | 75 | Derivative Income | SLVO vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | — | — | 98 | Inflation-Protected Bonds | SLVO vs RBIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SLVO, 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 Agree Realty Corporation (ADC) (Real Estate) with a 1Y correlation of -0.01, roughly unchanged from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Agree Realty Corporation | -0.01 | 0.00 | 0.00 | 68 | Real Estate | |
| Realty Income Corporation | 0.01 | 0.03 | 0.03 | 77 | Real Estate | |
| Oxford Lane Capital Corp. | 0.03 | 0.03 | 0.03 | 97 | Financial Services | |
| Johnson & Johnson | 0.06 | 0.04 | 0.04 | 97 | Healthcare | |
| Eli Lilly and Company | 0.09 | — | — | 83 | Healthcare |
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